Mergers, Acquisitions & Investments
MILAN (BRAIN) — Asobi Ventures, an Austin, Texas, group that acquired a majority share in Gruppo Srl in 2021, has acquired the remaining shares. Gruppo Srl is the parent of Cinelli and Columbus.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. will separate its shooting sports and ammunition brands from outdoor sports brands — including Bell, Giro, Blackburn, CamelBak and QuietKat — by splitting into two distinct publicly-traded companies.
SHERBROOKE, Quebec (BRAIN) — Paul Mckenzie, the longtime owner of the Arkel bike bag brand, has sold the company to Marc Desrosiers, a former product developer at Bombardier Recreational Products.
SAN FRANCISCO (BRAIN) — Lyft announced Tuesday an agreement to acquire global bikeshare equipment and technology supplier PBSC Urban Solutions. The transaction is expected to close in the second quarter of this year.
OBERWANGEN, Switzerland (BRAIN) — Stromer reached an agreement to merge with Spanish e-bike brand Desiknio Cycles SL. Details of the transaction, which is subject to customary approvals, were not released.
(BRAIN) — European motorcycle equipment manufacturer 2Ride Group acquired California-based bike and moto protective gear brand Troy Lee Designs from SBJ Captial. 2Ride Group's majority owner, Eurazeo, is France's largest private equity fund.
SEATTLE (BRAIN) — Kona Bicycles, cheerfully independent for a third of a century, is now part of an Ohio-based outdoor sports group, Kent Outdoors. For about a year, Kent, a long time family-run business, has been in the hands of Boston-based private equity firm, Seawall Capital.
OLDENZAAL, the Netherlands (BRAIN) — Oregon-based apparel recycler The Renewal Workshop has been acquired by the global textile supply chain provider Bleckmann, the companies announced Wednesday.
WELLINGBOROUGH, United Kingdom (BRAIN) — Storskogen UK has acquired the majority of shares of cycling parts and accessories distributor Extra UK.
VICENZA, Italy (BRAIN) — The investment firm Carlyle has agreed to buy the Italian protective gear brand Dainese Group. Dainese offers gear for powersports and mountain biking.
CHICAGO (BRAIN) — SRAM is acquiring the cycling apparel brand Velocio, according to Velocio's owners.
The purchase closed on March 3 and was announced publicly on Wednesday, Andrew Gardner, Velocio's chief marketing officer, told BRAIN and VeloNews.
EASTON, Pa. (BRAIN) — Roam Investment Group, led by former Allied Cycle Works COO Paul Jarrell, has acquired Speedsleev, the maker of minimalist saddle bags and handlebar bags.
STUTTGART (BRAIN) — Porsche announced Thursday plans to acquire a 20% stake in the German e-bike drive system manufacturer Fazua GmbH and also will partner with Pon Holdings' Ponooc Investment B.V.
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