Whyte Bikes sold to Irish private equity firm
Whyte Bikes has been acquired by Dublin-based Causeway Capital, with 100% of its ownership transferring over from Cairngorm Capital, which invested in the company in 2021. The British brand said the deal will speed up its expansion beyond the UK into continental Europe and other markets; the brand already has distribution in Germany, Italy, and New Zealand.
The existing management team remains in place, with CEO Nikki Hawyes – ex Cannondale – continuing to lead the company. For the financial year ending October 2023, Whyte reported a revenue of £15.8 million (US$21 million).
