Divestiture • E-Commerce

Riverside Acquires Bike24

On September 20, 2019, private equity firm Riverside acquired e-commerce company Bike24 from Wiggle

Acquisition Context
  • This is Riverside’s 3rd transaction in the E-Commerce sector.
  • This is Riverside’s 13th transaction in Germany.

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M&A Deal Summary

Date September 20, 2019
Target Bike24
Sector E-Commerce
Buyer(s) Riverside
Sellers(s) Wiggle
Deal Type Divestiture

Target Company

Bike24

Dresden, Germany
Bike24 is an online retailer of cycling and tri-sports equipment, accessories and apparel. Bike24 is based in Dresden, Germany.
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Buyer Overview 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Buyer #
Overall 248 of 295
Sector: E-Commerce 3 of 3
Type: Divestiture 7 of 9
Country: Germany 13 of 16
Year: 2019 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 RE Panels

Blandain, Belgium

RE Panels specializes in making panels for overhead doors. The company makes sandwich panels for residential, commercial and industrial sectional overhead doors. RE Panels product suite includes traditional panels for industrial doors and finger-safe panels for residential garage doors sold across Europe. RE Panels was founded in 2008 and is based in Blandain, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Fisher/Unitech

Troy, Michigan, United States

Fisher/Unitech, Inc. is a provider IT solutions to the manufacturing community. Fisher/Unitech was founded in 1989 and is based in Troy, Michigan.

Sell -

Seller Profile 1

SELLER

Wiggle

Portsmouth, United Kingdom

Category Company
Founded 1999
Sector E-Commerce
DESCRIPTION

Wiggle is a online retail company that sells sporting goods. Wiggle was founded in 1999 and is based in Portsmouth, United Kingdom.


Deal Context for Seller #
Overall 1 of 1
Sector: E-Commerce 1 of 1
Type: Divestiture 1 of 1
Country: Germany 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Bike24

Dresden, Germany

Bike24 is an online retailer of cycling and tri-sports equipment, accessories and apparel. Bike24 is based in Dresden, Germany.

Buy -

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