Mergers, Acquisitions & Investments

Posted June 29, 2023

GREENWICH, Conn. (BRAIN) — L Catterton, which bought a majority share in Pinarello in 2017, said it has sold the company to "a private family office." European news sources say billionaire Ivan Glasenberg bought it for 200 million euros.

Posted May 18, 2023

LONDON (BRAIN) — Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.

Posted May 15, 2023

TAIPEI, Taiwan (BRAIN) — Giant Group has ended plans to invest about $20 million to take about a third share in Stages Cycling because the companies were unable to reach definitive agreements on the deal, according to documents Giant has filed with the Taipei stock exchange.

Posted May 5, 2023

DENVER (BRAIN) — Capo Cycling Apparel has been acquired by industry veteran Zach Spinhirne-Martin from its founders, Robert Carbone and Gary Vasconi.

Capo, founded in 2004, is a U.S.-based brand that sells Italian-made apparel. 

Posted April 1, 2023
UPDATED with quote from Vista Outdoor.
Fox Racing sales boosted Action Sports revenue in Q3.

SCOTTS VALLEY, Calif. (BRAIN) — Sources at Bell and Giro tell BRAIN that the Vista Outdoor brands made significant staff layoffs this week, especially in the marketing, brand, and creative departments.

Posted February 22, 2023

PITTSBURGH (BRAIN) — Dick's Sporting Goods said it has agreed to acquire the specialty outdoor retailer Moosejaw from Walmart.

Posted February 21, 2023

SVETA NEDELJA, Croatia (BRAIN) — After acquiring a majority interest in Greyp in 2021, Porsche announced the Croatian e-bike brand will operate under the Porsche eBike Performance group.

Posted February 15, 2023
$180,000 acquisition still needs court approval.

PHILADELPHIA (BRAIN) — A Brooklyn, New York, company has agreed to acquire the intangible assets of the bankrupt sporting goods chain Olympia Sports for $180,000. The assets include CleverTraining, an e-commerce retailer that was once active in the cycling and triathlon markets.

Posted January 27, 2023

TAIPEI, Taiwan (BRAIN) — Giant Group has agreed to make a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.

Posted January 27, 2023

SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.

Posted January 25, 2023

SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.

Posted January 18, 2023

NEUSS, Germany (BRAIN) — This week an executive at the company that previously owned Amprio, Rheinmetall AG, said Amprio has been sold. But he declined to say who bought it.

Posted January 10, 2023

SALT LAKE CITY, Utah (BRAIN) — Emerald, the parent of the Outdoor Retailer shows, has acquired the consumer event company Lodestone Events. Lodestone is the producer of the Overland Expo consumer shows and is producing Outdoor Adventure X, Emerald's first outdoor consumer event.

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