M&A Deal Summary

Foreman Capital Acquires Cykelgear

On October 18, 2021, private equity firm Foreman Capital acquired e-commerce company Cykelgear

Acquisition Highlights
  • This is Foreman Capital’s 2nd transaction in the E-Commerce sector.
  • This is Foreman Capital’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2021-10-18
Target Cykelgear
Sector E-Commerce
Buyer(s) Foreman Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cykelgear

Terndrup, Denmark
Cykelgear is a Scandinavian market leading e-commerce retailer of a wide range of bicycle parts, accessories and clothing, which are sold via their own e-commerce platform. Cykelgear was founded in 2008 and is based in Terndrup, Denmark.

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Buyer(S) 1

Buyer

Foreman Capital

Amsterdam, Netherlands

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Foreman Capital is an independent Dutch investment firm focused on mid-sized trading, production, and service companies. Foreman seeks opportunities throughout Northwest Europe generating EBITDA of €2.5 to €25 million. Foreman will invest in a variety of investment situations, including MBOs, MBIs, successions, divestitures, turnarounds, and recapitalizations. Foreman looks to invest at least €2.5 million per transaction and will consider both minority (influential) and majority positions. Foreman Capital was formed in 2005 and is based in Amsterdam.


DEAL STATS #
Overall 12 of 18
Sector: E-Commerce M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 15
Country: Denmark M&A 2 of 3
Year: 2021 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 INTO Telecom & IT

Breda, Netherlands

INTO Telecom & IT provides carefully curated services and solutions in the field of telecom and the digital workplace, including security support. INTO Telecom guides organizations in the digital transformation process of the current working environment and that of the future. INTO Telecom & IT was founded in 2002 and is based in Breda, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 DiBO

Arendonk, Belgium

DiBO is a manufacturer and distributor of high-quality cleaning equipment such as high-pressure cleaners, steam cleaners and car wash equipment. The company has a production site in Belgium and sales offices in the Netherlands and Germany. DiBO products are sold to customers throughout Europe via a network of approximately 400 dealers. DiBO is based in Arendonk, Belgium.

Buy -