Inflexion Announces Buyout of Enviolo

Inflexion Announces Buyout of Enviolo

enviolo (Netherlands) - Inflexion is pleased to announce that it has signed a definitive agreement to acquire enviolo Inc. (“enviolo”), a global leader in the e-bike components market.

Headquartered in the Netherlands and with additional operations in Austin, Texas, enviolo designs and develops transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio, making riding safer and more enjoyable. enviolo has grown rapidly as the market for e-bikes has developed strongly in the past few years. The business benefits from an innovative, IP-rich product portfolio which it provides to leading global and regional bike brands.

Building on its market leading reputation, enviolo is well placed to benefit from increasing e-bike popularity as a result of the global transition towards smart and sustainable urban mobility.

Simon Turner, Managing Partner at Inflexion, commented, “The enviolo team has created an innovative product offering which makes cycling more appealing and comfortable to the growing number of cyclists turning to it as a social, healthy activity and an environmentally friendly method of transportation in cities around the world. The team is incredibly driven and we look forward to working with them to grow their excellent business further both in the local Dutch market and internationally.”

David Hancock, CEO of enviolo, said, ” We are proud and excited about our opportunity to work with bike makers to develop great bikes together which can change riders’ lifestyles and ease congestion in urban areas. Our new partnership with Inflexion will help us grow faster as their proximity to our Amsterdam office and presence in the US, China and India are well placed to support our plans.  We are greatly looking forward to this exciting new partnership.”

Latham & Watkins LLP and NautaDutilh served as legal advisors to Inflexion and Stepstone Corporate Finance served as financial advisor to Inflexion. Ropes & Gray LLP served as legal advisor to enviolo and Lazard B.V. and Lazard Middle Market LLC served as financial advisor to enviolo.

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