JD Sports Fashion PLC’s Acquisition Of A Majority Stake In Wheelbase Lakeland Limited

In UK Napthens Solicitors, advised on the matter.

Napthens Solicitors advised JD Sports Fashion with a team including Robert Dobson (Picture – Corporate M&A).

Following the investment by the JD Group, Wheelbase is gearing up for further growth by taking advantage of emerging opportunities and a strong outlook for the cycling industry.

The JD Group is a global multichannel retailer of sports, fashion and outdoor brands with a total of more than 3,300 stores across 30 countries selling leading brands such as Nike, Adidas, Puma and The North Face. The JD Group has a significant presence in the Outdoor sector through specialist retailers Go Outdoors, Blacks, Millets, Tiso, Fishing Republic and Naylors Equestrian.

Founded in 1993, Wheelbase has 45 employees and has grown to become one of the UK’s leading retailers of premium bicycles with three stores across the North of England, including the UK’s largest cycle store in Staveley, Cumbria, and others at Ilkley, Yorkshire, and Darlington in the North East of England.

Wheelbase also has a large online presence selling premium bikes to customers all over the UK. It offers a comprehensive and diverse range of premium bikes including leading brands such as Trek, Cube, Cannondale, Scott, Merida, Pinarello, Whyte, Focus, Nukeproof, Cervelo, BMC, Kona and many more.

Wheelbase was advised by Cavu Corporate Finance’s Managing Director Shawn Bone and Assistant Director Sahil Nayyar who led the deal on behalf of the shareholders.

The JD Group were advised by Napthens LLP with the team led by Corporate Partner Rob Dobson (Picture).
 

Involved fees earner: Robert Dobson – Napthens Solicitors;

Law Firms: Napthens Solicitors;

Clients: JD Sports Fashion;

Author: Giulia Di Palma