April 20, 2017 | Announcements
GCA Advises Migros on the Sale of Probikeshop to Internetstores
We are pleased to announce that our client, Migros-Genossenschafts-Bund, Switzerland’s largest retail company, has sold a majority stake in Probikeshop to Internetstores Holding GmbH, a subsidiary of SIGNA Sports Group.
Specializing in quality cycling gear, equipment, clothing and technology, Probikeshop is a top online retailer for cycling enthusiasts. The company has achieved significant organic growth through its international expansion, and has seen a five-year cumulative revenue increase of 600% since 2011, when Migros acquired 51% of its shares.
With its greater focus on the Swiss market, Migros decided to sell its stake in Probikeshop to Internetstores, a leading bike and outdoor e-commerce company. The partnership between Probikeshop and Internetstores creates the largest online bike retailer in continental Europe.
GCA acted as exclusive financial advisor to Migros-Genossenschafts-Bund in connection with this transaction.
This deal adds to GCA’s extensive global track record and experience as a leading advisor to consumer retail and e-commerce companies. GCA has advised 13 companies in this sector since the start of 2017.