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.
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.