Story thread · 2 reports / 2 sources

Accell Enters Insolvency Process as KKR Pandemic Bike Bet Flops

bloomberg.com · 5d

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Across 2 sources · syndicated copies counted once

Accell Group Holding BV, the bike maker whose €1.6 billion ($1.9 billion) buyout by KKR & Co. epitomized pandemic lockdown bets, has sought court protection in the Netherlands after running out of cash to pay its debts.

First report: End of a cycling empire? Bike maker Accell at risk of bankruptcy dutchnews.nl, 5d

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