Photo: Odi Busman
A consortium led by investor KKR is pushing for the acquisition of Dutch bicycle maker Accell after acquiring a 77.8% stake.
KKR provided a € 58 stake in Accell, including the Batavus and Spartan bicycle brands.
The acquisition seemed suspicious, as only 73.5% of the shares were bid a week ago. KKR hopes to eventually acquire at least 95%, at which point the company will be delisted.
Both new investors and the Accell Board said they believed the company was “in a better position under private ownership” when the € 1.6 billion offer was launched in late January.
In the past, KKR also owned Hema and V & D department store groups. We are currently investing in Q-Park and the holiday park company Roompot.
According to statistics from industry groups RAI Gereniging and Bovag, the Dutch bought 900,000 new bikes in 2021, more than half of which were electricity.
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