Groupe Bruxelles Lambert Acquires Majority Stake in Canyon Bicycles
December 15, 2020
Groupe Bruxelles Lambert (GBL) has signed a definitive agreement to acquire a majority stake in Canyon Bicycles GmbH, with minority investor TSG Consumer Partners fully exiting. Founder Roman Arnold will remain as Chairman of the Advisory Board and reinvest alongside GBL, while Tony Fadell (via Future Shape) will co-invest to support product and service growth as Canyon pursues expansion in e-bikes and international markets.
- Buyers
- Groupe Bruxelles Lambert (GBL), Tony Fadell / Future Shape
- Targets
- Canyon Bicycles GmbH
- Sellers
- TSG Consumer Partners
- Industry
- Consumer Products
- Location
- Rhineland-Palatinate, Germany
- Transaction Type
- Buyout
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