KKR Admits Defeat on Its Pricey Pandemic Bike Bet
The acquisition of Accell was predicated on a cycling boom that proved shortlived
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Welcome to The Brink. I’m Constantine Courcoulas, a reporter in London, where I’ve been following KKR’s decision to hand a struggling bicycle maker over to its lenders. We also have news on Blue Owl, the societal cost of AI and a star lawyer leaving Kirkland & Ellis. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
If there was a case study for the excesses of pandemic-era private equity, it might look a lot like KKR’s investment in Accell Group.