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Mergers & Acquisitions

The KKR Acquisition of Accell: Private Equity Bets Big on European Cycling

The KKR Acquisition of Accell: Private Equity Bets Big on European Cycling

KKR took Accell private for €1.56 billion in 2022 — the largest deal in cycling's history. Three years later it had written off roughly €1.1 billion in equity and ceded control to lenders. A boom-era bet that met cyclical reality.

Heritage Goes Financial: Pinarello's Path Through Private Equity

Heritage Goes Financial: Pinarello's Path Through Private Equity

When a framebuilder synonymous with Tour de France winners takes institutional money, the business of bicycles stops being a family affair. Pinarello's trajectory is a window onto how cycling's heritage brands are being professionalised — and what gets gained and lost in the process.

Colnago and the Gulf: What a UAE Buyout Says About Cycling's New Money

Colnago and the Gulf: What a UAE Buyout Says About Cycling's New Money

In May 2020 the most storied name in Italian framebuilding sold a majority stake to an Abu Dhabi fund. Five years on, with sales reportedly tripled, the deal looks less like heritage changing hands and more like a map of where cycling's capital now lives.