Bridgepoint sells Bike24 to Riverside
Frankfurt am Main/Munich — Allen & Overy advised the British private equity firm Bridgepoint Europe IV Fund (Bridgepoint) and the management on the sale of Bike24 GmbH (Bike24) to a subsidiary of The Riverside Company (Riverside). The closing of the transaction is still subject to approval by the relevant antitrust authorities.
Bike24, based in Dresden, is one of the leading German online retailers for cycling, running, swimming, triathlon, fitness, outdoor and related products.
Bridgepoint is a leading international private equity firm focused on investments in market-leading companies. The company had acquired Bike24 at the end of 2017 as part of a trade sale from Riverside, which had first joined the Saxon-based online retailer in 2015.
Advisor Bridgpoint: The team of Allen & Overy
Dr. Astrid Krüger, Partner (Munich), Dr. Roman Kasten, Counsel (Frankfurt, both Corporate/M&A and Private Equity)
It also comprised the partners Dr. Alexander Veith (Corporate/M&A and Private Equity, Munich), Dr. Heike Weber (Tax, Frankfurt), Peter Banks (Corporate, London), Dr. Walter Uebelhoer (Banking and Finance, Munich), Dr. Jens Matthes (IP/IT, Düsseldorf) and Charles Yorke (Tax, London), Counsel Dr. Udo H. Olgemöller (Public Law, Frankfurt), the senior associates Heiner Mecklenburg (Antitrust, Hamburg), Dr. Jörg Weber (Banking and Finance, Munich) and Dr. Sebastian Schulz (Labor Law, Frankfurt), associates Robert Jochim, Bastian Schmack (both Frankfurt), Michael Haase, Elisabeth Pichler, Johannes Graßl (all Corporate/M&A and Private Equity), Dr. Rauni Ahammer (Banking and Finance, all Munich), Sven Bischoff, Tobias Eggert (both Tax, Frankfurt), Catharina Glugla (Data Protection, Düsseldorf) and Caroline Crawford (Corporate, London).