Deals
Canyon Bicycles Draws Takeover Interest From Carlyle, KKR
- German bike-maker could be worth over 500 million euros
- Demand for pedal power has grown through the pandemic
Canyon manufactures a range of mid-level to high-performance road, race and mountain bikes.
Photographer: Alex Livesey/Velo/Getty Images
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Canyon Bicycles GmbH has drawn takeover interest from private equity giants including Carlyle Group and KKR & Co., according to people familiar with the matter, as investors look to capitalize on renewed enthusiasm for one of Europe’s favorite pastimes.
Koblenz, Germany-based Canyon is also attracting buyout firms Advent International, Apax Partners, General Atlantic and Permira, the people said, asking not to be identified discussing confidential information.