Signa Sports United is to list on the New York Stock Exchange (NYSE) through a merger that will raise US $645 million. Part of the proceeds will fund the acquisition to acquire Wiggle which is currently owned by Bridgepoint Capital. The deal will make Signa four times larger than its competitor Bike24 which is understood to be listing its shares in Frankfurt.
Bridgepoint is to be an investor in Signa Sports as part of the deal. Signa owns Fahrrad.de (Bikester), Tennis-Point, Capz, Outfitter and Stylefile, operating some 80 web stores across 17 countries.