Accell Group makes bicycles, bicycle parts and accessories. We are the European market leader in e-bikes and second largest in bicycle parts and accessories.
Well-known bicycle brands in our portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon. XLC is our brand for bicycle parts and accessories.
Heerenveen, the Netherlands - Accell Group (Accell) is pleased to announce it has secured sufficient support from its key stakeholders to proceed with implementation of the recapitalisation. The recapitalisation creates a sustainable financial and operational platform for Accell to execute its strategy. Approximately 80% of Accell’s senior term and revolving facility lenders have committed their support for the recapitalisation, while Accell’s other key creditors unanimously back the plan. With this, Accell has reached the required approval thresholds for the implementation of the transaction by way of a UK Scheme of arrangement.
Read more ACCELL AGREES ON STRENGTHENED CAPITAL STRUCTURE FOR FUTURE GROWTHHeerenveen, the Netherlands - Accell Group (Accell) today took an important step to improve its financial position and reduce its corporate debt by reaching an agreement with a majority of its financial stakeholders. Implementation of the recapitalisation is expected by early Q1 2025. The transaction will lead to a reduction of Accell’s debt by approximately €600 million, or around 40% of the total debt, from approximately €1.4 billion to approximately €800 million in the operating group. The transaction provides for additional cash funding to the business of approximately €235 million. The maturity of the group’s recapitalised debt is extended to 2030. This transaction provides Accell with a sustainable financial structure, a strengthened liquidity position and an ability to invest in the business’ future.
Read more Accell Group business updateRecently, we shared a business and financial update with our shareholders and business partners informing them on our current performance, the status of the Babboe recall and repair operation, as well as the progress in the execution of our One Accell strategy.
Read more GIJSBERT DE ZOETEN APPOINTED CFO ACCELL GROUPAccell Group appoints Gijsbert de Zoeten (57) as Chief Financial Officer (CFO). Gijsbert has extensive expertise in the financial field. In recent years, he has worked at several international organisations including Unilever and LeasePlan. He worked as CFO in both private equity and listed environments. Gijsbert has experience in various sectors in both B2B and B2C environments. He has been involved in various strategic processes such as mergers and acquisitions and restructurings.
Read more ANNEMARIE JORRITSMA NIEUWE VOORZITTER RAAD VAN COMMISSARISSEN ACCELL GROUPMevrouw Annemarie Jorritsma - Lebbink is per 1 maart jl. benoemd tot voorzitter Raad
van Commissarissen Accell Group.
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