A consortium led by buyout firm KKR (KKR.N) will take over Accel Group (ACCG.AS) for $1.77 Billion. The deal is a sign of raising investors' interest in the e-bike industry.
KKR Transaction Deal
According to the announcement, the cash offer of $61 per share in cash represents a 26% premium over Accell's closing price. In addition, a 42% premium over its three-month volume-weighted average price.
Daan Knottenbelt in a statement stated that the company will build on its leadership position in the European e-bike industry. They will continue to strengthen their strong legacy brands.
He further states that the Consortium is committed to further establishing the Netherlands as the global capital of cycling. Following clearances, the offer is expected to go live in the second quarte...
