Tue, 22 Nov 2011 | BUSINESS SALE
Wiggle the online cycling retailer popular with a rising league of ‘mamils’ – middle-aged men in Lycra – is for sale for £200 million.
Second round bids are due for Wiggle on 28 November. It is expected that Pret a Manger owner Bridgepoint; Advent, the firm behind DFS; and EQT the Swedish buy-out firm will place bids. It is thought an unnamed trade bidder from overseas is also involved in the sale process.
Rothschild has been brought in to manage the sale of Wiggle, which is currently majority owned by private equity company Isis and chairman Andy Bond, former chief executive of Asda and an avid cycling fan.
The firm has benefited from the emergence of scores of middle-aged men more interested in travelling on bikes under their own steam than in fast cars. Its revenues rose by 55 per cent in 2010 to £86 million, while its profits sit above £10 million.
Founded in 1999 and based in Portsmouth, the firm sells several types of bikes and cycling paraphernalia including special cycling clothing, helmets, and tools for maintenance to customers in 80 countries.
Investment bank UBS has also been appointed to run a potential flotation for Wiggle next year.
Find online businesses for sale in the UK
The company offers a multi-disciplinary range of construction consultancy services for all of building projects across the private and public sectors. The business is able to offer a variety of solutions, including specifying, designing, procuring an...
The business specialises in the supply and distribution of fixings, fasteners, nuts, bolts, and ancillary products. Operating on a regional B2B basis, the company supplies organisations within the construction, roofing, and plumbing industries
LEASEHOLD
Offers a comprehensive range of marine equipment, including rudders, stern gear and bearings. All products can be designed and manufactured in line with ISO 484-1 and Lloyd’s Register quality standards, assuring clients that they are receiving high-q...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.