The Riverside Company has invested in Bike24. Financial terms weren’t announced. Dresden, Germany-based Bike24 provides bicycle components and related equipment to consumers globally. Berenberg Bank provided financing for the transaction.
The Riverside Company has invested in German cycling e-commerce specialist Bike24. Bike24 offers an array of bicycle components and related equipment to consumers across Europe and around the world.
Bike24 has a leading position in the German market, with a recognized brand, great reputation in the bicycle enthusiast segment, huge product offering and excellent customer support. Their easily navigated website is available in German and English and offers more than 50,000 items from more than 600 different brands.
Bike24 focuses heavily on bicycle components and meeting the needs of riding enthusiasts. An experienced customer service team of 20 bicycle experts supports customers and ensures they get the products they need.
“Bike24 has an excellent reputation for great products, large assortment, fast delivery and state of the art customer service,” said Riverside Partner Michael Weber. “The company has significant potential to expand internationally, and we’re pleased to be partnering with them for this next step of growth.”
Working with Weber on the transaction for Riverside were Vice President Sven-Hendrik Schulze, Senior Associate Matthias Fink and Associate Simon Joha and Vice President of Origination Patrick Schaich.
Berenberg Bank provided financing for the transaction. Riverside was advised by Aquin & Cie., Roland Berger Strategy Consultants, Ernst & Young and Allen & Overy.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 370 transactions. The firm’s international portfolio includes more than 75 companies.