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Madison in MBO

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LONDON UK (March 14)- Madison Cycles is undergoing a management buy-out and is being financed by the Lloyds TSB Bank Group reportedly worth £26 million (US$38mn;EUR41mn). Formerly part of the H Young Holdings PLC, the new company, headed by Terry Bowles (Chief Executive), also includes the Leeda fishing tackle operation. Former Managing Director of Madison […]

LONDON UK (March 14)- Madison Cycles is undergoing a management buy-out and is being financed by the Lloyds TSB Bank Group reportedly worth £26 million (US$38mn;EUR41mn). Formerly part of the H Young Holdings PLC, the new company, headed by Terry Bowles (Chief Executive), also includes the Leeda fishing tackle operation. Former Managing Director of Madison Cycles, Mark Walmsley, will rejoin the newly formed company. A full report on the new structure will appear in the May edition of Bike Europe.

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