Carson McDowell advised Chain Reaction Cycles shareholders on recent transaction
07 March 2016
Practice Area: Corporate - M&A
Richard Gray, Partner and Joint Head of Corporate at Carson McDowell, said: “Chain Reaction Cycles is one of the Northern Ireland’s greatest recent success stories. It is a brilliant, entrepreneurial company that transformed itself from a small family owned bike shop in Doagh/Ballyclare into a world class, market leading online business with customers across the globe.
“The transaction is subject to the approval of the Competition and Markets Authority. Provided that is forthcoming, this deal with Wiggle represents an exciting new chapter in the CRC story. We are delighted to have advised the shareholders in CRC in relation to it”.
“This deal is further evidence that there is increasing interest from international companies and investors in the high quality companies that exist across a number of sectors in Northern Ireland.”