More money than ever before is going around in the bike sector. Our cover story of the Bike Europe March 2013 issue is just one example of what is going on.
Here we report that Accell Group got 300 million euro from a group of banks to refinance itself and to have ample funds available for the take-over of even more companies beyond the many it already owns and operates.
In Bike Europe’s March 2013 issue we also bring you an interview with the manager of the first venture capital fund for the bike sector – called Vélo Capital Partners.
Of course it’s the electro-mobility trend and the future revenues that will come with it that is attracting investors. In Germany and Switzerland lots of bike companies are already investing into that future. BMC is not the only one. Also Riese und Müller, Cube, Hartje, and Winora recently did the same.
Viewing all this, it looks as if there’s no crisis in the bike business. However, that’s certainly not the reality. This is noted in Accell’s 2012 financial report, ”In many countries, growth remains under pressure from the persistent reluctance among retailers to hold stock in their stores, partly due to their limited financing options.”
This points to a discrepancy. There’s ample money available for bike suppliers, but very little for bike dealers. In particular for dealers that want to invest in the stock needed for when the sun starts to shine and bike buyers flock their shops.