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

May 1, 2015 9:45 AM

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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.

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