Cycling News

Pinarello brand valued at €250 million as private equity firm looks to cash in

Ganna: Hour Record finale so painful ‘I wanted to fall off or puncture’

Italian bike brand Pinarello has been valued at €250 million by market experts as private equity firm L Capital look to sell their 80% share, with original owner Fausto Pinarello admitting he is tempted to buy back control of the business with a new investor.   

Fausto Pinarello and other family members sold the Treviso-based brand to L Catterton, an equity firm that works in partnership with luxury giant LVMH, for a reported €90 million in 2016.   

Click Here to Read the Full Original Article at CyclingNews RSS Feed…