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Gibson Dunn advises SC Holdings on investment in Canyon Bicycles

10. August 2022

Koblenz/ Frankfurt/ Los Ange­les — Gibson, Dunn & Crut­cher LLP has advi­sed US private equity firm SC Holdings on a stra­te­gic equity invest­ment in Canyon Bicy­cles, the Koblenz-based manu­fac­tu­rer of premium bicy­cles. Inves­tors in Canyon Bicy­cles through SC Holdings include LRMR Ventures, the family office of U.S. basket­ball play­ers LeBron James and Mave­rick Carter.

Canyon, based in Koblenz and employ­ing around 1400 people around the world, made a turno­ver of 416 million euros in 2020 and manu­fac­tures racing bikes, triath­lon bikes, moun­tain bikes and e‑bikes, among other things. The manu­fac­tu­rer is heavily invol­ved in profes­sio­nal sports and works with athle­tes such as road cyclist Mathieu van der Poel and triath­lete Jan Frodeno. Howe­ver, Canyon also sells bikes to private custo­mers via direct sales. Share­hol­der of the Koblenz-based manu­fac­tu­rer remains company foun­der Roman Arnold.

The Gibson Dunn corpo­rate team, led by part­ner Kevin Masuda (Los Ange­les) and Frank­furt asso­ciate Dr. Jan Schu­bert, inclu­ded coun­sel Anne­kat­rin Pels­ter and asso­ciate Bastiaan Wolters (both Frank­furt). Coun­sel Alex­an­der Klein (Frank­furt) advi­sed on finan­cing, Munich part­ner Dr. Hans Martin Schmid on tax law.

About Gibson Dunn

Gibson, Dunn & Crut­cher LLP is one of the leading inter­na­tio­nal law firms and is ranked among the top law firms world­wide in indus­try surveys and by autho­ri­ta­tive publi­ca­ti­ons. With more than 1,600 lawy­ers in 20 offices, the firm has a global presence in all major econo­mic regi­ons. Gibson Dunn offices are loca­ted in Brussels, Century City, Dallas, Denver, Dubai, Frank­furt, Hong Kong, Hous­ton, London, Los Ange­les, Munich, New York, Orange County, Palo Alto, Paris, Beijing, San Fran­cisco, São Paulo, Sing­a­pore and Washing­ton, D.C. For more infor­ma­tion, visit www.gibsondunn.com.

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