Taylor Wessing advises Borromin Capital on the financing of the acquisition of Little John Bikes

In order to support further expansion of the business, Borromin Capital Fund IV has acquired a stake in Little John Bikes Group (LJB). LJB is one of the leading bicycle retailers in Germany offering a wide range of bikes and accessories. The company positions itself in the rapidly growing e-bike segment with an innovative service and customer advisory offering. In addition, LJB is currently experiencing the highest rate of expansion in the industry, with a focus on corporate succession opportunities.

The international law firm Taylor Wessing lead by its Frankfurt finance partner Ulf Gosejacob advised Borromin in connection with the financing of the acquisition of the stake in Little John Bikes. To support the transaction as well as the future growth of the company, Oldenburgische Landesbank has arranged and granted the acquisition financing as well as the working capital financing.

Little John Bikes was founded in 1997 in Neukirch, East Saxony, and has since become a leading retailer of bikes and e-bikes in Germany. Headquartered in Dresden, the company currently has 41 branches. The current focus of expansion is the new federal states. Its product range offers modern mobility solutions for cyclists of all ages, regardless of whether for everyday, leisure or sporting use. The wide range of services and customer advisory on offer underlines LJB’s service-oriented focus. Market-oriented thinking, extensive know-how and dynamic growth have made LJB one of the leading companies in its industry in Germany.

Borromin (formerly Steadfast Capital) is an independent private equity investor focusing on mediumsize businesses within German speaking Europe and Benelux countries. Funds advised by Borromin invest in mid-size companies providing equity for succession issues, management buy-outs and also provide capital for growth opportunities. Borromin was founded in 2001 and follows a successful, valueoriented strategy of investments in profitable companies in various sectors.