Deal Details

Canyon Receives Minority Investment From LRMR Ventures and S.C. Holdings

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Summary

About

What started in founder Roman Arnold’s garage as Radsport Arnold has evolved into one of the world’s pioneering and leading direct-to-consumer manufacturers of road, mountain, triathlon, fitness and urban bikes as well as modern e-bikes. Officially renamed in 2002, Canyon works hand-in-hand with the best athletes on the planet to produce an array of award-winning bikes that embody a pure passion for riding. With a strong reputation for true innovation, implementing leading technologies, clean and clear design as well as the highest standards in quality and service, Canyon continues to expand worldwide, selling the majority of its bikes outside of its native Germany since 2008.

GBL is an established investment holding company, with over sixty years of stock exchange listing. GBL is a leading investor in Europe, focused on long-term value creation and relying on a stable and supportive family shareholder base. GBL strives to maintain a diversified high-quality portfolio composed of global companies, leaders in their sector, in which it can contribute to value creation by being an active professional investor. GBL seeks to provide attractive returns to its shareholders through a combination of a sustainable dividend and growth in its net asset value. GBL is listed on the Euronext Brussels stock exchange (Ticker: GBLB BB ; ISIN code: BE0003797140) and is included in the BEL20 index.

LRMR Ventures is LeBron James and Maverick Carter’s family office, and S.C. Holdings, is a United States private equity firm. The new investors join existing majority shareholder Groupe Bruxelles Lambert (GBL) and founder Roman Arnold as Canyon pursues growth in the United States, led by new CEO Nicolas de Ros Wallace.

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