The Riverside Company is investing in Bike24, the German cycling e-commerce specialist. The private equity firm focuses on acquiring growing businesses valued up to $250 million and has an international portfolio of more than 75 companies. The details of the deal were not disclosed. Bike24 sells an array of bike components and related equipment to consumers across Europe and around the world. Its website, available in German and English, offers more than 50,000 items from around 600 brands. Bike24 will use the funds to continue to grow operations. Berenberg Bank provided financing for the transaction. Riverside was advised by Roland Berger Strategy Consultants, Ernst & Young, Allen & Overy, and Aquin & Cie.

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