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eAdventures

Accell Group Acquired by Investment Fund Consortium for 1.56 Billion Euros

release by Accell Group and KKR/Teslin

January 24, 2022 - Accell Group and the Consortium led by KKR and including Teslin are pleased to announce that a conditional agreement (the “Merger Agreement”) has been reached on a recommended public offer to be made by the Offeror for all of the issued and outstanding ordinary shares in the capital of Accell Group (each a “Share”) for EUR 58.00 in cash per Share (cum dividend) (the “Offer Price”). This represents a total consideration of approximately EUR 1.56 billion.

Accell Group, owner of Raleigh, Haibike, Babboe, Winora and many more brands is acquired by investment fund consortium. ©

Accell Group is a European market leader in e-bikes and second largest in bicycle parts and accessories. Well-known bicycle brands in our portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon. XLC is our brand for bicycle parts and accessories. Accell Group employs approximately 3,100 people across 15 countries.

Read the full release here.

Posted in eNews

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