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French Private Equity Firm, Activa, Takes Majority Interest In Look Cycle

ACTIVA Capital, a mid-market private equity firm, has taken a majority stake in the discovery cycle, the presence of the brand owner,gold and Thierry Fournier alongside.

In a press release Thursday, said watching the annual income of about 4.5 billion euros (US $ 50 million) and about 400 employees.

"And the arrival of Wo capital to see intends to use its strong position in Europe, in order to accelerate its growth and international development, in which a sector enjoying sustainable growth," the company said, noting that it has produced 75% of sales outside of France.

See Buy CORIMA wheels brands earlier this year.

Birkin said, "You see there are many development projects, we hope to have a very well-known financial support of partners. We are pleased to welcome Activa Capital share our vision of development for our brand."

Charles Deere partner Activa Capital, said, "We were attracted to the strong dynamic and innovative family business and built a close relationship in the past 18 months the management team. We are particularly pleased to be the next stage of cooperation Look development partners, and to support this iconic sports brands to accelerate its international development. "

See the Tour de France, which starts on Saturday a major presence. The company offers a frame to Fortuneo- important concepts of team and supply pedals nine teams. Former Tour champion Contador and current world champion Peter Sagan will start personalizing the appearance of the Keo Blade 2 pedal tournament, but Astana will also look CORIMA wheel ride pedal.

ACTIVA, manage funds worth about 500 million euros, did not disclose the scale of investment. It describes the investment is "buy in management buyouts"

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