Clearwater International acted as sole financial adviser to Heinz Kettler GmbH & Co. KG on the sale of its assets of the bicycle division to ZEG Zweirad-Einkaufs-Genossenschaft eG.
Heinz Kettler GmbH & Co. KG is a family owned business headquartered in Ense-Parsit, Germany. The company is engaged in the production and sale of high-quality fitness & sports equipment, leisure & garden furniture and toys for children. Kettler Bike, with production facilities in Hanweiler, Germany is specialised in the production of aluminium bicycles and e-bikes. The company has a tradition of supplying customers with innovative, high quality products “made in Germany”.
ZEG is a network of 960 independent bicycle dealerships in Germany. The company, headquarted in Cologne, was established in 1966. Its portfolio includes well-known brand Hercules. In cooperation with leading manufacturers, ZEG develops special models with renowned brands like Pegasus, Bulls, Green Mover and ZEMO.
Clearwater International, led by partner Markus Otto, advised Kettler.