Wall Street Investor Pays a Record $2.5 Billion Cash for a Bicycle Company!

By Scott Green | 10th February 2022 |
York-based investment firm KKR’s purchase of Accell Group has expanded the bike conglomerate’s horizons for global growth.

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…