Active Private Equity has acquired FW Evans, owner of the bicycle store chain Evans Cycles. Debt to facilitate the deal was supplied by Lloyds TSB Corporate Markets.
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering