Citing anonymous sources, Bloomberg has reported that a number of private equity firms – such as the Carlyle Group, KKR & Co., Advent International, Apax Partners, General Atlantic and Permira – are considering takeover bids for Canyon Bicycles. The German company has been working in this direction with Robert W. Baird & Co., which believes Canyon’s eventual acquisition price could exceed €500 million. There has been no comment as yet from Canyon or the prospective buyers. Founded in the 1980s in Germany, Canyon develops and offers well-engineered mid- to high-level bicycles of various kinds. The company entered the U.S. market in 2017 and in recent years has added e-bikes to its offerings. The private equity firm TSG Consumer Partners of San Francisco took a large minority stake in the company in 2017.