Mergers, Acquisitions & Investments

Posted August 31, 2023

AMSTERDAM (BRAIN) — Pon.Bike has added Italian road and track shoe brand Nimbl to its growing portfolio. Terms of the sale were not disclosed.

Posted August 31, 2023

LONDON (BRAIN) — British e-mobility company Lavoie has acquired VanMoof and intends to stabilize, grow, and develop the Dutch e-bike brand that declared bankruptcy in July.

Acquisition terms were not announced.

Posted August 1, 2023

NEW YORK (BRAIN) — E-mobility rental and sales company submitted a non-binding bid to acquire e-bike brand VanMoof, which was declared bankrupt by the court of Amsterdam on July 17.

Posted July 28, 2023

VANCOUVER, British Columbia (BRAIN) — Envo Drive Systems, the maker of various electric vehicles including e-bikes, has acquired VeloMetro Mobility, a fellow Vancouver-based company, which went bankrupt last winter.

Posted July 5, 2023

PARK CITY, Utah (BRAIN) — Bloomberg is reporting that TSG Consumer Partners is weighing the possible sale of and its related e-commerce sites, which include

Posted July 1, 2023
Wahoo Kickr

ATLANTA (BRAIN) — Wahoo Fitness says its financial woes are in the past after a recapitalization eliminated debt that had crippled it after the pandemic boom in indoor exercise products. Three private equity groups helped founder Chip Hawkins pay off a public debt owed to a bank consortium; it also put capital on Wahoo's balance sheet to enable growth.

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.


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