Canyon Bicycles Draws Takeover Interest From Carlyle, KKR.

October 21, 2020

Canyon Bicycles GmbH has drawn takeover interest from private equity giants. Investors are looking to capitalize on renewed enthusiasm for one of Europe’s favorite pastimes. The bike maker is working with bankers at Robert W. Baird & Co. on a sale that could fetch more than 500 million euros ($592 million) for the company. Read more from Bloomberg.