Sparta, Raleigh Bike Maker Sells for Almost $2 Billion on Cycling Surge
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In the world of finance, everyone gets to wheel and deal. But only a chosen few get to deal in two-wheelers.
A private equity consortium led by New York-based KKR joined that exclusive club Monday, agreeing to shell out $1.8 billion for Accell, the maker of bicycle brands Sparta, Batavus, and Raleigh. It's a vote of confidence in a sector that performed well in the pandemic, is poised to do better, and that lends itself to lots of tire-some puns.
Source Fool.com
