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TSG makes exit from hi-end bike brand Canyon
Transaction will see GBL take a majority stake in bike firm By
Tuesday December 15, 2020 11:16 am
San Francisco-based private equity firm TSG is selling its stake in the German high-end bike brand Canyon to Groupe Bruxelles Lambert, the holding company of the billionaire Frere family of Belgium.
The amount of the deal has not been disclosed, but is reported by the German financial daily newspaper Handelsblatt to be around €800m.
The transaction.