Taylor Wessing advises Borromin Capital on the financing of the acquisition of Little John Bikes
In order to support the company’s expansion, Borromin Capital Fund IV acquired a stake in Little John Bikes Group (LJB). LJB is one of the leading bicycle retailers in Germany with a wide range of bicycles and accessories. The company is positioned in the growing segment of electric bicycles with an innovative customer service and advice offer. Additionally, LJB is currently experiencing the highest rate of expansion in the industry, with a focus on business succession opportunities.
The international law firm Taylor Wessing headed by its Frankfurt financial partner Ulf Gosejacob advised Borromin in connection with the financing of the acquisition of the stake in Little John Bikes. To support the transaction as well as the future growth of the business, Oldenburgische Landesbank arranged and provided acquisition financing as well as working capital financing.
Little John Bikes was founded in 1997 in Neukirch, East Saxony, and has since grown into one of Germany’s leading bicycle and e-bike retailers. Based in Dresden, the company currently has 41 branches. The current objective of the expansion is the new Länder. Its product line offers modern mobility solutions for cyclists of all ages, whether for everyday, leisure or sports use. The wide range of customer service and advice on offer underscores the service orientation of LJB. Market-oriented thinking, extensive know-how and dynamic growth have made LJB one of the leading companies in its sector in Germany.
Borromin (formerly Steadfast Capital) is an independent private equity investor focusing on mid-sized companies in German-speaking Europe and the Benelux countries. The funds advised by Borromin invest in mid-sized companies providing equity for succession matters, manager buy-outs and also provide capital for growth opportunities. Borromin was founded in 2001 and follows a successful and value driven strategy of investing in profitable businesses across various industries.