Private equity firm KKR & Co is transferring ownership of Dutch bicycle company Accell Group to its lenders, just a year after a debt restructuring. The move comes as Accell will receive new funding and see its total debt significantly reduced. Lenders are expected to take control of the business in the coming weeks.
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Dutch Bike Firm Accell Handed to Lenders as KKR Admits Defeat
Private equity firm KKR & Co is transferring ownership of Dutch bicycle company Accell Group to its lenders, just a year after a debt restructuring. The move comes as Accell will receive new funding and see its total debt significantly reduced. Lenders are expected to take control of the business in the coming weeks.