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M&A Deal Summary

Riverside Acquires Bike24

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

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

M&A Deal Summary
Date 2019-09-20
Target Bike24
Sector E-Commerce
Buyer(s) Riverside
Sellers(s) Wiggle
Deal Type Divestiture

Target

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(S) 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 STATS #
Overall 248 of 295
Sector: E-Commerce M&A 3 of 3
Type: Divestiture M&A Deals 7 of 9
Country: Germany M&A 13 of 16
Year: 2019 M&A 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 European Panel Company

Blandain, Belgium

European Panel Company (EPCO) specializes in making panels for overhead doors. The company makes sandwich panels for residential, commercial and industrial sectional overhead doors. EPCO’s product suite includes traditional panels for industrial doors and finger-safe panels for residential garage doors sold across Europe. European Panel Company (EPCO) was formed 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(S) 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 STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 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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