Borromin’s Acquisition of Little John Bikes

Flick Gocke Schaumburg and Taylor Wessing advised Borromin on the deal.

Borromin Capital announced the acquisition of Little John Bikes GmbH, a leading bicycle retailer, headquartered in Dresden.

Established in 2001, Borromin is an independent private equity investment company, focussing on SMEs in the German-speaking regions of Europe and the Benelux countries. Its funds invest in SMEs and make equity available for business successions, management buy-outs and growth financing.

Little John Bikes was established in 1997 and, with currently 41 locations in Germany, is one of the leading specialists in the bicycle retail market. Little John Bikes offers a varied product range in the bicycle and accessories segment and provides additional innovative servicing and advisory services, primarily in the rapidly growing e-bike segment.

Little John Bikes is currently registering the highest rate of expansion in the industry. Together with the experienced management team, Borromin plans to harness the excellent growth potential of the bicycle industry for dynamic and sustained development of the company. Oldenburgische Landesbank AG supported the transaction by providing acquisition financing and an operating loan.

The Flick Gocke Schaumburg team included Dr. Martin Oltmanns (Picture – lead), Mathias Bülow (co-lead; both Private Equity and M&A, Berlin), Dr. Andreas Wirtz (Labour and Employment Law, Bonn); Associates: Justus Bode, Johan Schrader (both Private Equity and M&A, Berlin).

The Taylor Wessing team included Ulf Gosejacob (Finance, Frankfurt); Associates: Jacqueline Arbogast, Stella Diez (both Finance, Frankfurt).

Involved fees earner: Justus Bode – Flick Gocke Schaumburg; Mathias Bülow – Flick Gocke Schaumburg; Martin Oltmanns – Flick Gocke Schaumburg; Johan Schrader – Flick Gocke Schaumburg; Andreas Wirtz – Flick Gocke Schaumburg; Jacqueline Arbogast – Taylor Wessing; Stella Diez – Taylor Wessing; Ulf Gosejacob – Taylor Wessing;

Law Firms: Flick Gocke Schaumburg; Taylor Wessing;

Clients: Borromin Capital Management GmbH;

Author: Federica Tiefenthaler