SIGNA Sports United’s Acquisition of WiggleCRC

In UK Travers Smith, advised on the matter.

Travers Smith advised Bridgepoint with a team including Ian Shawyer (Picture – Corporate M&A), Simon Skinner (Tax M&A and Deal Advisory).

As part of the transaction, SSU began trading on NYSE following a business combination with Yucaipa Acquisition Corporation, a special purpose acquisition company (SPAC) led by Ronald W. Burkle. The business combination was approved by Yucaipa’s stockholders in a special meeting held on December 13, 2021.

WiggleCRC is a leading global online retailer of specialist bikes and sporting apparel and equipment. In addition to selling a broad range of external products across these verticals, the business includes a highly regarded portfolio of owned brands, including DHB, Nukeproof, and Vitus. Headquartered in the UK, the business has more than 2.2 million active customers, the majority of whom participate in more than one sport. WiggleCRC serves a global customer base, delivering to 75+ countries, and benefits from a well-invested platform and strong partnerships with global logistics groups.

The combined SSU and WiggleCRC business has been described as the world’s leading online bike platform.

The Travers Smith team was led by Private Equity & Financial Sponsors Partner Ian Shawyer (Picture) and Senior Counsel Alex Dixon. They were supported by Private Equity & Financial Sponsors Senior Counsel Asma Rashid and Associates Tom Halsey and Cari Sweeney. Tax advice was provided by Tax Partner Simon Skinner.

Involved fees earner: Alex Dixon – Travers Smith; Tom Halsey – Travers Smith; Asma Rashid – Travers Smith; Ian Shawyer – Travers Smith; Simon Skinner – Travers Smith; Cari Sweeney – Travers Smith;

Law Firms: Travers Smith;

Clients: Bridgepoint ;

Author: Giulia Di Palma