Mergers, Acquisitions & Investments

Posted August 6, 2021

ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics announced the closing of a first round of funding with the goal of expanding its door-to-door bike shipping business.

Posted August 3, 2021
Frank Yohannan to remain as its director.

Life Time is best known in the cycling industry for its ownership of the Leadville 100, UNBOUND Gravel, Crusher in the Tushar and the Chequamegon MTB Festival among other events.

Posted July 22, 2021

BOULDER, Colo. (BRAIN) — Titanium bike and component manufacturer Janus Cycle Group announced Thursday it sold all company assets to Phil Joseph, a former real estate executive.

Posted July 13, 2021
Former pro racer Andrea Tonti is among the new investors.
La Passione founders Yurika Marchetti and Giuliano Ragazzi.

BRESCIA, Italy (BRAIN) — Italian consumer-direct cycling apparel brand La Passione has raised 7 million euros ($8.3 million) from a group of investors, including some of its existing investors, new investment funds and "business angels." The amount will be invested over four years.

Posted July 8, 2021
Cinelli Supercorsa.

MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.

Posted July 7, 2021
The Wahoo KICKR BIKE.

LONDON (BRAIN) — Global private equity firm Rhône announced Wednesday it will make a "significant" equity investment in Wahoo Fitness. The transaction is expected to be completed in the third quarter.  Additional financial terms were not disclosed.

Posted June 29, 2021

PARK CITY, Utah (BRAIN) — Amp Human, manufacturer of PR Lotion, is planning a merger with Momentous, a performance nutrition company.

Posted June 7, 2021

CHICAGO (BRAIN) — Germany-based Abus has reached an agreement to acquire Italian helmet manufacturer Maxi Studio S.R.L. Abus and Maxi Studio have worked together since 2016; Maxi Studio manufactures several of ABUS's premier helmet models.

Posted June 7, 2021

MONTREAL (BRAIN) — E-commerce platform Lightspeed announced Monday that it entered an agreement to acquire Ecwid, a U.S.-based e-commerce company that specializes in helping customers create a standalone business, and NuORDER, another platform that connects businesses and suppliers.

Posted May 26, 2021

ANOKA, Minn. (BRAIN) — Vista Outdoor, the parent of Bell, Giro, Blackburn, CamelBak and other outdoor brands, has acquired QuietKat, an e-bike brand from Colorado best known for making a Jeep-branded e-bike

Posted May 24, 2021

FRANKFURT, Germany (BRAIN) — Naxicap Partners, a European private equity firm, has reached an agreement to acquire Stromer, the Swiss-based e-bike brand. Details of the agreement were not disclosed. The transaction is subject to customary approvals.

Posted May 14, 2021
Wisequity V Fund bought Vittoria Group last July. Selle Royal owns Brooks, Crank Brothers, Fizik, and other brands.

POZZOLEONE, Italy (BRAIN) — Selle Royal S.p.A., — which produces and markets saddles and accessories under the Selle Royal, Fizik, Crank Brothers, Brooks and PedalEd brands — has received a major investment from the Wisequity V Fund. The fund has acquired a one-third share in the company.

Posted May 13, 2021

SAN FRANCISCO (BRAIN) — TSG Consumer Partners, which acquired a share of the hydration brand Nuun in 2017, has agreed to sell it to Nestlé Health Science. Terms of the transaction were not disclosed.

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