Posts Tagged ‘Accell Group’
KKR and Accell Waive Condition for Acquisition to Proceed
New York, US A KKR-led consortium bid to purchase one of the world’s biggest bike manufacturers, Accell Group, moved another step forward this month, with both parties agreeing to waive a previous condition for the sale to proceed. The consortium and Accell Group had initially set a condition that at least 80% of Accell shares…
Wall Street Investor Pays a Record $2.5 Billion Cash for a Bicycle Company!
New York, US One of Europe’s largest bike conglomerates, Accell Group, is set to be purchased by New York-based investment firm KKR, in a €1.56 billion (A$2.527 billion) buyout that represents a 21% premium on Accell’s all-time highest stock market valuation. The companies late last month reached a conditional agreement on an all-cash public offer…
Global Bike Company Results Start to Reflect Covid Bike Boom
Major Bike Companies’ Share Prices are Hitting Highs
With the Covid-19 induced global bike boom showing no sign of abating, share prices of listed bicycle business including Giant, Accell Group, Thule Group, Fox Factory, MIPS and Dorel Industries (owner of Cannondale, Mongoose, Schwinn, GT etc) have been on the rise. Shimano quickly zoomed past the price it was trading at before the pandemic…