Posts Tagged ‘KKR’
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…
Online Brand Canyon’s Sales Top $650 Million – With Huge Buyout Rumoured
German based global manufacturer Canyon saw its global sales grow by 30% to 400 million Euros (A$656 million) for its most recent financial year. Canyon, which only sells online, has had a Melbourne based Australian office for several years. Canyon ships customer orders to Australia individually via air freight and does not hold stock in…