News
New Joint-owner For SRAM?
NEW YORK, US - SRAM investor Lehman Brothers Merchant Banking (LBMB) is about to enter a new phase after the bankruptcy of parent company Lehman Brothers Holdings Inc. last September.
Unconfirmed sources have stated that Lehman Brothers’s private-equity arm has reached an agreement with its collapsed parent to spin out into an independent firm, while taking in a new investment from luxury-goods billionaire Johann Rupert from South Africa.
Also Lehman estate will retain a substantial interest in LBMB. The new company will be owned by the firm's current management, which is led by chief Charlie Ayers. It is unclear how much the management is paying.
This private equity investor has US$ 4.5 billion under management, and holds stakes in more than a dozen portfolio companies including SRAM. LBMB has a 40% stake in SRAM.
More news
- 04-02-2010 - Shimano Enters Top-30 Japanese Industry Listing
- 04-02-2010 - Ludo Launched Cycle Passion Bike Store Concept
- 03-02-2010 - Shimano Launches 11-Speed Internal Hub Gear
- 02-02-2010 - Selle Royal Gains Access to Asian Industry & Markets
- 02-02-2010 - Meghna's Start Signals Strong Growth in Bangladeshs Bike Production
- 01-02-2010 - BikeAsia Turns Into Green Mobility Event
- 29-01-2010 - e-Bikes Turn Advice for Accell Group's Shares from Hold to Buy
- 28-01-2010 - Taichung Bike Week Heading for New Dates
- 28-01-2010 - Bob Burbank Cannondale's New General Manager
- 28-01-2010 - China's Bikes & Parts Production and Export Hit by Crisis
- 27-01-2010 - E-Bike Elected as 2010 Dutch Bike of the Year
- 27-01-2010 - SRAM Changes European After-Market Distribution
- 26-01-2010 - One of Germanys Biggest Bike Makers Expanding Production in Bangladesh
- 22-01-2010 - Seattle Bike Supply Recalls Redline Bikes
- 20-01-2010 - Container Freight Price Fixing Investigated
by European Union - 19-01-2010 - Tensions Rising on Anti-Dumping Duties against China & Vietnam Made Bikes
- 18-01-2010 - Management Buys Lazers Bicycle Helmet Division
- 18-01-2010 - BOC Group Expands in Southern Germany
- 15-01-2010 - Giant Raises Production in China To over 5 Million Bikes
- 14-01-2010 - Vittoria Industries Founder Rudi Campagne Appoints Successors
.jpg)
In its strive to make the best possible carbon wheelset, Taiwanese producer Pro-Lite has developed the Rome 5-spoke carbon wheel. According to Pro-Lite a 5 spoke concept has several advantages. Above all, it is stronger than any of its predecessors. Another important benefit is