The Rohatyn Group , a global asset management company, today announced that it has completed the acquisition of electric bicycle manufacturer Leader 96 EOOD ("Leader" or "the Company") to KJK Capital ("KJK"), in association with Dimitar Zlatanov, the CEO of the Company and a member of the founding family. Ownership of TRG may enable Leader to rapidly increase its production of electric bicycles and expand its product offering to meet growing customer demand across Europe. The terms of the transaction have not been disclosed.

Founded in 1996 in Plovdiv (Bulgaria), Leader is one of the main European producers of electric bicycles, which it markets throughout Europe. The company produces a wide range of electric bicycles, including touring, trekking and mountain bikes, gravel bikes and folding bikes. The company plans to launch a new electric cargo bike in 2023.

"Leader is a very attractive company that offers unique, high-quality products for electric bicycles in Europe. The company is well positioned to take advantage of the current transformation of urban transport infrastructures into bicycle-friendly areas, the growing demand for practical transport and environmentally sustainable and ride-sharing programs, as well as the growth of last-mile micro-delivery.In addition, the growing attention to healthier lifestyles means that electric bicycles can offer a very democratic fitness solution across a broad spectrum. of ages and fitness levels," said Colin Clark, Partner and President of EMEA Private Markets, and Stepan Karpukhin, Managing Director of TRG,who led the transaction together with Stanislav Bachvarov, director.

"Leader is a high-growth company with an international profile that perfectly reflects TRG's global focus. We strongly believe that the company has the potential to become a major player in the e-bike industry thanks to its customer service orientation." and its future-oriented approach to technology," added Nick Rohatyn, Managing Director of TRG. "We believe that the increased use of electric bicycles can contribute to the progress of society towards more sustainable urban development, reduced carbon emissions and a healthier lifestyle, and we are proud to invest in a company that recognizes the importance of a positive impact on the environment. We look forward to strong growth together with Dimitar and his team," he continued.

Dimitar Zlatanov, CEO and member of the founding family, said: "I am incredibly proud of the growth levels already achieved by Leader, as we have transformed our company into a major manufacturer of electric bicycles in Europe. We look forward to further growth in partnership with The Rohatyn Group and use the experience of the team," he continued.

Kustaa Aima, Managing Partner of KJK Capital, added: "Leader is a great company that during our ownership period has become one of the leading electric bicycle manufacturers in Europe. We wish TRG and Dimitar Zlatanov all the best and look forward to more." news about the strong growth of the company in the coming years," he concluded.

About TRG

Founded in 2002, The Rohatyn Group is an asset management firm specializing in emerging markets and real assets that is headquartered in New York with a global presence in 16 cities in the United States, Latin America, Europe, the Middle East, India and Southeast Asia. More information at www.rohatyngroup.com .

About KJK

Founded in 2010, KJK Capital is an independent, partner-owned private equity manager focused on European frontier markets with combined assets under management of €600m. With main offices in Helsinki, Vilnius and Luxembourg, KJK also has local representation in Estonia, Slovenia, Croatia, Bulgaria and Romania. For more information on KJK, visit www.kjkcapital.com .

The communication in the original language is the official and authorized version of the same. This translation is only a means of assistance and must be compared with the original language text, which is the only version of the text that will have legal validity.

Contacts
The Rohatyn Group:
Julie Rudnick / Catherine Livingston
FGS Global
Julie.Rudnick@FGSGlobal.com

Catherine.Livingston@FGSGlobal.com

 

Source:businesswire.com

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