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Private Equity Firm Forms e-Bike Group

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Triginta Capital, a Duesseldorf, Germany based independent private equity partnership, has taken over Masterflex AGs mobility division (apart from the fuel-cell activities). According to a Triginta press release they did not only take over a 51%

Private Equity Firm Forms e-Bike Group

DÜSSELDORF, Germany – Triginta Capital, a Düsseldorf, Germany based independent private equity partnership, has taken over Masterflex AG’s mobility division (apart from the fuel-cell activities). According to a Triginta press release they did not only take over a 51% stake in Clean Air Bike GmbH and all the shares of Velodrive GmbH but also bicycle supplier Hawk Bike Entwicklung & Marketing GmbH.

Triginta Capital is specialized in investments into small to medium-sized companies with annual sales from 20 to 200 million euro; operational profitability and positive cash flows. The company’s is focused on the German speaking countries.
 
The take-over of the three companies by Triginta was done as a MBO which means that managers Lozenz Hoser (Hawk Bike founder and GM as well as co-GM of Clean Air Bike), Rüdiger Laier (co-GM Clean Air Bike) and Stefan Schulte (the man behind Masterflex’ Cargobike) will remain on board.
 
With the take-over Triginta forms an e-bike group which annual production currently stands at about 8,000 electric bikes as well as high-end sports bikes and trendy retro bikes. They are marketed under the brand names Hawk, Nox and Reflex.
 
“With a yearly growth rate of 30% the e-bike and pedelec market is an attractive investment”, states Peter Folle in his role as Managing Partner and CFO at Triginta Captial. “With the take-over of the three companies we are joining the e-bike market and have created the best conditions to outperform in this market.”

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