DMH Stallard advises Whyte Bikes on private equity investment

05 Mar 2021

DMH Stallard provided legal advice and assistance to award-winning British bicycle manufacturer, Whyte Bikes, on its strategic partnership with specialist investment firm, Cairngorm Capital Partners LLP.
 
An innovative mountain bike manufacturer known for performance and design, the company’s range now extends to gravel, commuter and youth models as well as e-bikes.  The partnership secures the long term future of Whyte Bikes, enabling the business to broaden its range, access international sales experience and facilitate entry to new markets in a very competitive field.
 
The business, based in East Sussex, was founded by Guy and Derek Farrant in 1999.  Guy Farrant, Managing Director, commented: “This is a new chapter in our history.  This partnership provides Whyte Bikes with the resources and expertise to undertake a series of initiatives that will enhance the quality of our offering, extend our product range and ultimately, benefit our customers and riders.”
 
Helen Mead, Corporate Partner at DMH Stallard, led the team advising Whyte Bikes.  Tom Watkins (Partner, Real Estate), Abigail Maino (Senior Associate, Employment) and Callum Kirk (Solicitor, Corporate) assisted on the transaction.
 
Helen commented: “Whyte Bikes is a great success story with a reputation for innovation and quality engineering.  This investment will allow the business to transform its growth potential.  Cairngorm Capital is known for investing in strong, ambitious management teams and I have every confidence that this will be a profitable partnership for all parties.”
 
Whyte Bikes is based in Hastings, East Sussex.  It employs 25 staff in the UK and sells its bikes through a network of UK and international distributors.

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