Little John Bikes sold to Borromin Capital
We are pleased to announce that WALTER FRIES Corporate Finance GmbH exclusively advised the shareholders of Little John Bikes (LJB) on the sale of shares in the company to Borromin Capital Fund IV SCS, SICAV-RAIF.
LJB offers a wide range of bicycles and e-bikes for families and everyday cyclists. It also provides repair and service facilities in more than 41 stores. Bicycle accessories as well as bike wear complete LJB’s repertoire. The existing management as well as the shareholders have also made a re- investment as part of the transaction. Together with Borromin Capital, the ambitious organic and inorganic growth plans are to be realized. Furthermore, the structural and strategic further development of LJB will be ensured by the transaction.
Legal support for this transaction was provided by the law firms SCHLARMANN von GEYSO (Carsten Schwerdtfeger and Dr. Zoran Domic) and Römermann Rechtsanwälte AG (Jieyao Hu-Windheim and Prof Dr. Römermann) as well as by Dr. Steffen Dietz.
"WALTER FRIES Corporate Finance provided us with excellent support along the way, starting with the preparation of the transaction-relevant documents, through the investor approach, up to the due diligence and contract negotiations. This intensive period would not have been possible for us, in addition to our day-to-day business, without such focused help. Holger Fries, Tim Bieder and David Schmidt supported us excellently with their professional expertise in all phases during the process. For us, a trustworthy conduct of negotiations in the search for a suitable investor was very important, as our management and employees will continue to drive the existing, ambitious growth plans of Little John Bikes GmbH together with the buyer in the future!"
ABOUT LITTLE JOHN BIKES GmbH
LJB was founded in 1997 as a supplier to Germany’s largest bicycle manufacturer (Biria AG) and has since become a leading bicycle retailer in Germany. The company operates in 41 special stores from its headquarters in Dresden, with a focus on eastern Germany. The product range extends from kids bikes to e-bikes and accessories, up to functional and fashionable bike clothing. In addition, the company offers a wide range of workshop services. Innovative developments, strong know-how and the ability to think and act in a market-oriented manner have made LJB a leading specialist dealer for bicycles and accessories in Germany.
ABOUT BORROMIN GmbH
Borromin (formerly Steadfast Capital) is an independent private equity investment company focused on medium-sized companies in German-speaking Europe and the Benelux countries. The funds initiated by Borromin invest in medium-sized companies and provide equity capital for entrepreneurial successions, management buy-outs and growth financing. Borromin was founded in 2001 and since then has pursued a successful, value-oriented strategy of investing in profitable companies in a wide range of industries.
ABOUT WALTER FRIES Corporate Finance GmbH
WALTER FRIES Corporate Finance is an independent M&A advisory firm focusing on corporate transactions and buy-outs in the mid-market. The experienced team has been well-connected with national and international investors for many years and has excellent expertise with various industry focuses and excellent references.