Sky News places luxury car brand backers among Rapha bidders

Sky News is reporting that Investindustrial, a shareholder in luxury car business Aston Martin is among those shortlisted to buyout clothing and cycle tourism label Rapha.

Rumoured to have tabled a bid in the region of £200 million, the Italian private equity firm is said by city sources to be rivaled by investment group Invus.

Other private equity said to have been involved, including TPG and Advent International, are reported to have exited the process.

Rapha has been driving revenues forwards in recent times and thickening revenue streams, notably turning over £1 million on its travel arm in 2016. Simon Mottram detailed that and his ambitions to grow membership in an exclusive CI.N interview earlier this year.

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