TSG Consumer Partners has sold its stake in Canyon Bicycles via a buyout that will see Belgium-based, listed investment holding company Groupe Bruxelles Lambert (GBL) acquire a stake in the business.
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016