• Loading stock data...
Tuesday, October 28, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

KKR Buying Cycling Company for $1.8B

  • Private equity firm KKR is buying European cycling company Accell Group NV.
  • KKR intends to take Accell private.
Accell-Group-KKR
Accell Group/Design: Alex Brooks

KKR & Co. is betting on the cycling boom going the distance.

The private equity firm is buying Dutch bike maker Accell Group NV for $1.8 billion. The price represents a 26% premium on Accell’s closing price as of Friday. The company’s stock leapt around 26% on Monday.

  • Accell, a leading European e-bike producer, lists 20 brands based in five European countries under its umbrella.
  • KKR plans to take Accell private.
  • The deal, which is expected to close in the third quarter, received unanimous support from Accell’s board.

While the cycling market has been riding high since the start of the pandemic, electric bikes are doing especially well. U.S. e-bike sales rose 240% year-over-year for the 12 months ending July 2021, compared to 15% growth to $8.5 billion for cycling equipment revenue.

KKR Staying Active

Meanwhile, KKR’s bid for Telecom Italia was complicated by the appointment of Pietro Labriola as the Serie A broadcast rights holder’s new CEO. The attempted purchase of Italy’s largest telecommunications company could also be affected by the political situation, should Prime Minister Mario Draghi be replaced.

A KKR-owned SPAC could take PetSmart public in a $14 billion deal.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Cattle Dermatitis Outbreak Forces Tour de France Route Change

The Tour cut two climbs and shortened the stage by 35 km.
Apr 28, 2025; Washington, D.C., USA; President Donald Trump welcomes players and staff of the Philadelphia Eagles to celebrate their Super Bowl victory at the White House Monday, April 28, 2025. Mandatory Credit: Josh Morgan-USA TODAY ORG XMIT: USAT-1280532 (Via OlyDrop)

Cycling, Fishing Brands Among 6 Small Businesses That Sued Over Trump Tariffs

An appeals court allowed Trump tariffs to continue—for now.
Nov 3, 2024; New York City, New York, US; Dakota Popehn (USA) and other elite women runners begin the New York City Marathon on the Verrazano-Narrows Bridge.

Strava’s Buying Spree Continues With Deal for Cycling App

Strava has been focused on growth as the fitness app industry explodes.
Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August

Red Bull Is on a Hot Streak in Sports. Can It Win..

The company is betting on a big future in cycling.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025

Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal

Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Sponsored

Why Alexis Ohanian Is Betting Big on Women’s Sports

Alexis Ohanian reflects on his evolution from Reddit cofounder to one of today’s most dynamic sports investors.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.