Bridgepoint sells Bike24 to Riverside

Frank­furt am Main/Munich — Allen & Overy advi­sed the British private equity firm Bridge­point Europe IV Fund (Bridge­point) and the manage­ment on the sale of Bike24 GmbH (Bike24) to a subsi­diary of The River­side Company (River­side). The closing of the tran­sac­tion is still subject to appr­oval by the rele­vant anti­trust authorities.

Bike24, based in Dres­den, is one of the leading German online retail­ers for cycling, running, swim­ming, triath­lon, fitness, outdoor and rela­ted products.

Bridge­point is a leading inter­na­tio­nal private equity firm focu­sed on invest­ments in market-leading compa­nies. The company had acqui­red Bike24 at the end of 2017 as part of a trade sale from River­side, which had first joined the Saxon-based online retailer in 2015.

Advi­sor Bridgpoint: The team of Allen & Overy
Dr. Astrid Krüger, Part­ner (Munich), Dr. Roman Kasten, Coun­sel (Frank­furt, both Corporate/M&A and Private Equity)

It also compri­sed the part­ners Dr. Alex­an­der Veith (Corporate/M&A and Private Equity, Munich), Dr. Heike Weber (Tax, Frank­furt), Peter Banks (Corpo­rate, London), Dr. Walter Uebel­hoer (Banking and Finance, Munich), Dr. Jens Matthes (IP/IT, Düssel­dorf) and Charles Yorke (Tax, London), Coun­sel Dr. Udo H. Olgem­öl­ler (Public Law, Frank­furt), the senior asso­cia­tes Heiner Meck­len­burg (Anti­trust, Hamburg), Dr. Jörg Weber (Banking and Finance, Munich) and Dr. Sebas­tian Schulz (Labor Law, Frank­furt), asso­cia­tes Robert Jochim, Bastian Schmack (both Frank­furt), Michael Haase, Elisa­beth Pich­ler, Johan­nes Graßl (all Corporate/M&A and Private Equity), Dr. Rauni Aham­mer (Banking and Finance, all Munich), Sven Bisch­off, Tobias Eggert (both Tax, Frank­furt), Catha­rina Glugla (Data Protec­tion, Düssel­dorf) and Caro­line Craw­ford (Corpo­rate, London).