Pursuits
L Catterton Said to Be Frontrunner for Pinarello Bikemaker Stake
- Italian owners said to be talking with several PE firms
- Pinarello family says it doesn’t want to exit company entirely
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L Catterton, an investment fund backed by French luxury-goods company LVMH, is the frontrunner to acquire a stake in Italian bicycle maker Cicli Pinarello SpA, according to people familiar with the matter.
The Pinarello family is in talks with several private equity funds and is open to selling a majority stake, the people said, asking not to be named because the information is private. President Fausto Pinarello would keep running the company, the people said.