ECI Partners to buy 90-year-old UK bike shop Evans Cycles

May 1, 2015 9:45 AM

62 0

May 1 (Reuters) - Private equity firm ECI Partners said on Friday that it would buy a "significant majority stake" in Evans Cycles, a 90-year-old British bike shop, from Active Private Equity.

ECI said Evans Cycles management would own the remaining minority stake, without disclosing financial terms of the deal.

Also read: U.S. November auto sales to benefit from Black Friday deals: Edmunds

Read more

To category page