SportsBikeShop was founded in 2005 by James Mitchell and has since become the UK’s No. 1 online retailer of motorcycle accessories, having grown rapidly in recent years as customers move away from traditional bricks and mortar competition to specialist online retailers. James Mitchell will remain in his post as Managing Director post transaction, retaining responsibility for the Company’s British activities and will also support the Group’s e-commerce activities.
Convex Capital structured a deal which valued the business at over 10x EBITDA and delivered over 90% of the consideration on completion.
The Convex difference: identifying a highly acquisitive strategic buyer and running a process which ensured delivery of the transaction within 5 weeks
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