Causeway Capital acquires UK mountain bike firm

Causeway said it invested in Whyte Bikes, acquiring 100% of the business, because of the exposure it brings to the wellness and outdoor active living markets

Whyte Bikes is a £15m turnover business with customers throughout the UK and Europe.

Dublin's Causeway Capital has acquired UK mountain-bike brand Whyte Bikes.

The deal comes after the private equity firm recently closed its second fund, Causeway Capital Partners II, with a focus on SMEs with sustainable growth plans. Causeway invests in businesses across Ireland and the UK.