Borromin Capital takes a stake in Little John Bikes

Frank­furt am Main — With the aim of support­ing the further growth of the group of companies
support, Borro­min Capi­tal Fund IV inves­ted in Little John Bikes Group (LJB) in June 2021. The parties have agreed not to disc­lose the purchase price. LJB is one of the leading specia­list retail­ers in the German bicy­cle retail trade and offers a
versa­tile product port­fo­lio in the bicy­cle and access­ories sector.

In the fast-growing e‑bike segment, LJB posi­ti­ons itself with inno­va­tive service and consul­ting. In addi­tion, LJB curr­ently has the fastest expan­sion rate in the indus­try, with a focus on busi­ness succes­sion. Toge­ther with LJB’s manage­ment, Borro­min will drive the group’s natio­nal growth as well as support the further struc­tu­ral and stra­te­gic deve­lo­p­ment of the company and its employees.

Nick Money-Kyrle, Mana­ging Part­ner of Borro­min Capi­tal Manage­ment GmbH: “LJB has achie­ved impres­sive corpo­rate deve­lo­p­ment in recent years. With its opera­tio­nal excel­lence and expe­ri­en­ced as well as passio­nate manage­ment leader­ship, LJB is very well posi­tio­ned in the natio­nal bicy­cle market. We are convin­ced that the company will have excel­lent growth oppor­tu­ni­ties in the future — both orga­ni­cally and through acquisitions.”

Martin Franke, Part­ner at Borro­min Capi­tal Manage­ment GmbH, adds: “The bicy­cle market in Germany is highly frag­men­ted. We see a great oppor­tu­nity here for LJB to conti­nue its successful expan­sion course through targe­ted acqui­si­ti­ons (of indi­vi­dual specia­list retail­ers or small chains of specia­list retail­ers) in comple­men­tary loca­ti­ons. This stra­tegy will both bene­fit LJB’s custo­mers and secure jobs in Germany. We are very plea­sed to actively accom­pany the sustainable expan­sion of the group of compa­nies in the coming years toge­ther with the management.”

Olden­bur­gi­sche Landes­bank is support­ing the tran­sac­tion with acqui­si­tion finan­cing and a working capi­tal loan.

About Little John Bikes
LJB was foun­ded in 1997 in Neukirch, East Saxony, and has since deve­lo­ped into a leading specia­list dealer for bicy­cles and e‑bikes in Germany. The company, head­quar­te­red in Dres­den, curr­ently opera­tes 41 stores. The current focus of expan­sion is on the new German states. The product range offers modern mobi­lity solu­ti­ons for cyclists of all ages — whether for ever­y­day, recrea­tio­nal or sport­ing use. The broad spec­trum of services and consul­ting under­lines the service-orien­­ted focus. Market-orien­­ted thin­king, exten­sive know-how and dyna­mic growth have made LJB one of the indus­try leaders in Germany.

About BORROMIN Capital
Borro­min (form­erly Stead­fast Capi­tal) is an inde­pen­dent private equity invest­ment firm focu­sed on medium-sized compa­nies in German-spea­king Europe and the Bene­lux count­ries. Our funds invest in medium-sized compa­nies and provide equity capi­tal for busi­ness succes­si­ons, manage­ment buy-outs and growth finan­cing. Borro­min was foun­ded in 2001 and has since pursued a successful, value-orien­­ted stra­tegy of inves­t­ing in profi­ta­ble compa­nies in a wide range of industries.

Borro­min Capi­tal Fund IV (Borro­min Capi­tal Fund IV SCS, SICAV-RAIF) bene­fits from the finan­cial support of the Euro­pean Union under the Euro­pean Fund for Stra­te­gic Invest­ments (“EFSI”) estab­lished under the Invest­ment Plan for Europe. The purpose of the EFSI is to support the finan­cing and imple­men­ta­tion of produc­tive invest­ments in the Euro­pean Union and to ensure better access to finance.