Rapha, nice but a bit pricey?

It's been reported on Mergermarket and categorised as 'strong evidence' so it's safe to say Rapha have appointed a banker for the sale. A private sale to another investor (or less likely but still possible) or an IPO will definitely happen. I mean, they are already partially owned by a private equity firm so a sale to another PE firm may make no substantial difference to the company - especially if their revenue continues to grow by 30% each year (!). My guess is that Active Private Equity got in on the ground floor and have made a ton of money through Rapha so simply want to exit the company and realise one of their many investments. A sale to another PE firm is nbd - but if it's to a private investor like LVMH (which is a strange entity and gigantic) then it might be interesting times for the future of the company.