The Riverside Company has invested in Bike24 a German cycling equipment e-commerce specialist.
Bike24 sells an array of bicycle components and equipment to consumers across Europe and around the world. The company’s website is available in German and English and offers more than 50,000 items from more than 600 different brands. A customer service team of 20 bicycle experts supports customers with product advice and suggestions. Bike24 is headquartered in Dresden, Germany (www.bike24.com).
“Bike24 has an excellent reputation for great products, large assortment, fast delivery and state of the art customer service,” said Riverside Partner Michael Weber. “The company has significant potential to expand internationally, and we’re pleased to be partnering with them for this next step of growth.”
Working with Mr. Weber on the transaction for Riverside were Vice President Sven-Hendrik Schulze, Senior Associate Matthias Fink and Associate Simon Joha and Vice President of Origination Patrick Schaich.
Riverside is a global private equity firm focused on investing in and acquiring businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 370 transactions and the firm’s international portfolio includes more than 75 companies. Riverside is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).
Berenberg Bank (www.berenberg.de) provided financing for the transaction. Riverside was advised by Aquin & Cie., Roland Berger Strategy Consultants, Ernst & Young and Allen & Overy.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-17-15
