M&A Deal Summary

Specialized UK Acquires Rutland Cycling

On August 1, 2022, Specialized UK acquired retailer Rutland Cycling from BGF

Acquisition Highlights
  • This is Specialized UK’s 1st transaction in the Retail sector.
  • This is Specialized UK’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-08-01
Target Rutland Cycling
Sector Retail
Buyer(s) Specialized UK
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Rutland Cycling

Rutland, United Kingdom
Rutland Cycling sells bikes, cycling clothes, and accessories online and in its shops. The company also runs rides and events throughout the year and provides services such as bike workshops and hire, custom builds, and trade-in schemes. Rutland Cycling was founded in 1981 and is based in Rutland, United Kingdom.

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Buyer(S) 1

Buyer

Specialized UK

Dorking, United Kingdom

Category Company
Sector Retail
DESCRIPTION

Specialized UK is a retailer focused on sports goods, particularly bicycles, fishing gear, and camping gear. The company is part of the larger Specialized Bicycle Components. Specialized UK is based in Dorking, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 90 of 131
Sector: Retail M&A 3 of 5
Type: Add-on Acquisition M&A Deals 48 of 70
Country: United Kingdom M&A 86 of 125
Year: 2022 M&A 19 of 26
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Jola Cloud Solutions is specializing in mobile data SIMs. We are a global eSIM MVNO, providing innovative IoT and mobile data solutions to MSPs, ISPs, IT Support companies and Telecommunications Resellers. Jola Cloud Solutions was founded in 2014 and is based in Stapleford, United Kingdom.

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DATE TARGET DEAL TYPE VALUE
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