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SIMONT BRAUN ASSISTS ACTIVE PARTNERS IN FUNDING ROUND IN CLASSIFIED CYCLING

Estimated time to read this article
2 min
Date of publication
9 December 2022
Author(s)
Steven Callens, Melissa
Categories
Corporate M&A and Capital Markets

Brussels, 5 December 2022 |  Simont Braun successfully assisted Active Partners in a funding round of €22 million in Classified Cycling, a Belgium-based company developing innovative technology for the cycling industry

Active Partners, a consumer-focused investment firm, took the lead and invested in a funding round of €22 million in Classified Cycling, a Belgium-based company developing innovative technology for the cycling industry.

Classified Cycling’s investors also include well-respected Olympic and World Champion riders, Tom Boonen, Anna Van der Breggen, Andre Greipel and Marcel Kittel.

Classified Cycling is disrupting the bike and e-bike markets with its Powershift technology, a patented wireless shifting system that provides the ultimate shifting experience for cyclists.

Our firm is pleased to have contributed to this important funding to support the further development of a promising innovative product for the world of cycling,” comments Steven Callens, Partner at Simont Braun in Corporate and M&A and cycling enthusiast.

Simont Braun assisted Active Partners in the due diligence investigations, the review and negotiation of the transaction documentation.

You can read Active Partner’s Press Release here.

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For any questions or assistance, please contact Steven Callens or Melissa Maertens.