The Rohatyn Group buys Leader96 from KJK Capital

Leader96 is a Bulgarian electric bike production company.

  • TRG and Leader96 will look to capitalise on the increased adoption of electric bikes (e-bikes)
  • Leader96 will use the deal to rapidly accelerate its e-bike production and broaden its product offering
  • The company plans to launch a new e-cargo bike in 2023

The Rohatyn Group has bought Leader96 from KJK Capital. Leader96 is a Bulgarian e-bike production company. Founded in 1996 and headquartered in Plovdiv, it produces a range of e-bikes including touring, trekking, mountain, folding and gravel bike models. It is planning to launch a new e-cargo bike in 2023.

KJK Capital is a partner owned private equity manager focused on European frontier markets. It has combined assets under management of $601 million with offices across Europe. It had been invested in Leader96 since 2016.

The Rohatyn Group was founded in 2002. It is headquartered in New York and has a presence in 15 cities including London, Singapore and Mumbai. It looks to invest across both public and private emerging markets. In the private markets it focuses on mid-market companies and late-stage growth capital and buyouts.

“Leader is a highly attractive business that provides a unique and high-quality product offering in the European e-bike sector,” said Colin Clark, partner and head of EMEA private markets at TRG, and Stepan Karpukhin, managing director, who led the deal alongside Stanislav Bachvarov, director. “The company is well-positioned to benefit from the continuing transformation of city transport infrastructures towards bicycle-friendly zones, increased demand for practical eco-friendly transportation and shared bike programs, as well as the growth of last-mile micro-delivery. Additionally, an increasing focus on healthier lifestyles means e-bikes can offer a highly democratic exercise solution across a wide spectrum of age and fitness levels.”

“Leader is a high-growth business with an international profile that fits in perfectly with TRG’s global approach,” said Nick Rohatyn, CEO of TRG. “We strongly believe that the company has the potential to be a leading player in the e-bike sector thanks to its focus on customer service and forward-thinking approach to technology. We believe increased adoption of e-bikes can contribute to societal progress towards more sustainable urban development, reduction of carbon emissions, and healthier lifestyles, and are proud to invest in a company that recognizes the significance of a positive environmental impact.”