Canyon Bicycles snares PE takeover interest: Bloomberg

Canyon Bicycles, a German bike maker, has drawn takeover interest from private equity firms that include Carlyle and KKR, reported Bloomberg.

Canyon Bicycles, a German bike maker, has drawn takeover interest from private equity firms that include Carlyle and KKR, reported Bloomberg. The business news outlet noted that other private equity suitors include Advent International, Apax Partners, General Atlantic and Permira. Canyon Bicycles is reportedly working with Robert W. Baird & Co on a sale that could pull in $592 million.

Source: Bloomberg