Activa Capital backs French bicycle brand Look

Details of the transaction were not disclosed, but general manager Thierry Fournier and CEO Dominique Bergin will retain a minority share in the company. A source familiar with the matter said the deal was under the €100m mark.

The GP told unquote" it had been in talks for the last 18 months to arrange the deal. Activa's investment will aim to help Look accelerate its French and international expansion.

Activa has experience investing in the French sports sector, having acquired Sport 2000 eight years ago.

With the arrival of Activa, Look intends to accelerate its growth and its international development. The GP will focus on internal growth in addition to external acquisitions. Look recently acquired carbon wheel manufacturer Corima in a build-up acquisition in January – an example of the type of investments in specialised companies in the cycling sector the GP wants to make.

Activa said changes would most probably be made within the management team but declined to provide further details.

Company
Look is a French sports brand designing and manufacturing bikes and cycling accessories. Its flagship products include the automatic pedal, the carbon frame and the carbon monobloc track frame.

Established over 30 years ago and led by CEO Dominique Bergin and general manager Thierry Fournier, Look employs around 400 people worldwide and has retained its head office and a production factory in Nevers.

The company currently generates €45m of turnover, 75% of which is made outside France.

People
Activa Capital – Charles Diehl (partner).

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