Cyclable has completed its secondary fundraising with Calcium Capital

March 2022 — Cyclable has completed a fundraising with Calcium Capital for its strategic development plan and its shareholding restructuring. Consequently, Calcium Capital is a new shareholder – after the exit of M Capital, a French investment firm that participated in the first fundraising – alongside Roland Barthez, historical shareholder since 2010, and the new management team led by Céline Forestier since 2020.

Founded in 2005, Cyclable is the French leader in the soft mobility sector and one of the main retailers of electrically assisted bicycles and cargo bikes. The group has a network of nearly 60 integrated and franchised stores (including four in Switzerland) and revenues of approximately US$66 million in 2021. Cyclable distributes a wide range of quality product, including premium brands such as Brampton, Kalkhoff and Moustache Bikes. Cyclable is projecting to actively extend its stores’ network and to reach approximately 100 stores by 2026.

Based in Paris, France, Calcium Capital is a French private equity firm that supports fast-growing SMEs and entrepreneurs in their development projects, with tickets between US$5.5–22 million. Its entrepreneurial approach to investment is based on a long-term strategic vision shared with management and active support on all daily business decisions.

Our role in the transaction

Oaklins’ team in France acted as the exclusive advisor to Cyclable and its shareholders. The team managed the preparation of the sale process and due diligence, approached and shortlisted a number of potential acquirors and identified Calcium Capital as the best investor to support Cyclable’s growth project.