 |
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Netherlands-based Accell and its advisors have explored various options, held discussions with several interested partners, and considered multiple offers but could not find a way to meet its financial obligations in its current state of operations.
It will now enter insolvency proceedings, which CEO Jonas Nilsson said is a deeply sad and frustrating situation. "It is an especially difficult moment for our employees, creditors, customers, suppliers, and partners,” he said.
Accell is the owner of the Raleigh brand, which once ranked as the world’s most popular bike. It also owns the Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Sparta, Babboe and Carson brands.
CFF Communications has Uneke Dekkers and Janneke Dijkstra representing Accell.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
