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Dresden, Germany-based Bike24 is one of the top online retailers of cycling and fitness products. Riverside’s three-year investment helped transform the company into a global e-commerce player.
Riverside helped Bike24 nearly double in size during the ownership period through numerous strategic and operating initiatives. It began with the focus on key projects to help the investment get off on the right foot.
The most important ingredient to a company’s success is Riverside’s ability to create value. As a global firm focused exclusively on making smaller companies better, Riverside has the tools and team to help these businesses thrive.
Better website functionality, improved search-engine optimization and mobile capabilities to drive traffic
Implemented a sophisticated DIO monitoring system to manage inventory in a smarter more efficient way
Professionalizing the company, particularly with respect to financial reporting
An outstanding new CFO greatly improved financial reporting
New Board Members brought fresh ideas and new perspectives to the process
Added 100 employees during Riverside’s hold period
Grew core markets and expanded overseas
Sold to the world’s largest online bicycling retailer
