M&A Deal Summary

THG Acquires Bike Kit

On January 29, 2013, THG acquired e-commerce company Bike Kit from Encore Capital

Acquisition Highlights
  • This is THG’s 3rd transaction in the E-Commerce sector.
  • This is THG’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2013-01-29
Target Bike Kit
Sector E-Commerce
Buyer(s) THG
Sellers(s) Encore Capital
Deal Type Add-on Acquisition

Target

Bike Kit

Kendal, United Kingdom
Probikekit.com is an online, road cycling specialist retailer. PBK’s core product offering consists of accessories (lights, saddlebags, locks, water bottles); components (gears, brakes, seats, pedals); clothing, (helmets, eyewear, base layers, gilets, shoes); tyres and tubes; bike frames; plus sports nutrition and supplements.

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Buyer(S) 1

Buyer

THG

Altrincham, United Kingdom

Category Company
Founded 2004
Sector E-Commerce
Employees6,797
Revenue 1.8B GBP (2024)
DESCRIPTION

THG is an online beauty and wellbeing businesses that operates 166 websites, retailing to customers in 160 countries. THG was founded in 2004 and is based in Altrincham, United Kingdom.


DEAL STATS #
Overall 4 of 13
Sector: E-Commerce M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 12
Country: United Kingdom M&A 4 of 9
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Myprotein

Northwich, United Kingdom

MyProtein is the UK's number one sports nutrition brand with a fresh approach to buying sports supplements and nutrition.

Buy €58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Moo

Northwich, United Kingdom

Preloved is an online classified advertising portals, that offers a great alternative to the hassle and expense of auction sites. Preloved was established in 1997 and is headquartered in Northwich, England.

Buy -

Seller(S) 1

DESCRIPTION

Encore Capital is an investment firm focused on investing in and acquiring growth companies based in the UK. The Firm looks to commit £1 to £10 million to support buyouts and growth capital financings. The Firm does not have any specific industry preferences, however Encore does have experience investing in the leisure, digital, education, and industrial services sectors. Encore Capital was established in 2005 and is headquartered in London.


DEAL STATS #
Overall 1 of 4
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
Country: United Kingdom M&A 1 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 TSC Inspection Systems

Milton Keynes, United Kingdom

TSC Inspection Systems is a manufacturer of inspection systems for crack detection and stress measurement. TSC Inspection Systems was founded in 1984 and is based in Milton Keynes, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Third Space

London, United Kingdom

Third Space is an operator of luxury health and fitness clubs. Third Space was founded in 2001 and is based in London, United Kingdom.

Buy -