Walmart heirs favourites to buy £200m cycling brand Rapha

Tue, 08 Aug 2017 | BUSINESS SALE

Upscale British cycling brand Rapha is set to be sold to a private equity firm run by two members of the Walmart dynasty in a deal expected to be worth £200 million.

Rapha, which was founded by branding consultant Simon Mottram in 2004, announced early this week that it had reached an agreement with RZC Investments, a firm run by Steuart and Tom Walton, grandchildren of Walmart founder Sam Walton.

Though Mottram will remain on Rapha’s books as chief executive, he is believed to be willing to sell his personal £25 million stake in the business.

Walmart’s bid is expected to beat other offers for the £200 million cycle gear maker, including one of the largest shareholders in Aston Martin, Investindustrial, and Invus, an investment group which used to own Weight Watchers.

Mottram described the impending RZC bid as "an exciting day for Rapha".

He added: "[The bid] means we can pursue our mission to elevate cycling as a global sport and recruit more participants by engaging them and enabling them to ride with us at all levels.”

Rapha has expanded rapidly since its founding, selling through 20 websites and shipping cycling equipment to more than 100 countries, all the while operating 17 “clubhouse” retail sites in major cities around the world.

Recent accounts state that Rapha has more than 200,000 active customers and 450 employees, with annual revenues running to £63 million in 2016.

The company’s products include everything from £20 “embrocation cream”, designed to redirect blood back into your lower extremities by stimulating veins – to expensive bespoke holiday tours to the alps.

Search retail businesses for sale
Subscribe to Business Sale Report here


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources