KKR waives 80% threshold as Accell Group buy-out goes ahead

HEERENVEEN, The Netherlands – Following a tumultuous couple of weeks, the consortium led by KKR has declared its offer on Accell Group ‘unconditional’. The number of shares tendered has risen to 77.8% and “all offer conditions are now satisfied or waived,” according to a statement released yesterday evening.
Accell Group, with its portfolio of brands including Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon is now in the hands of KKR-led consortium. – Photo Bike Europe