In April 2016 LDC backed the management buyout of Zyro, with the business also acquiring Fisher Outdoor Leisure creating a combined group - ZyroFisher.
In December 2017 LDC completed the sale of ZyroFisher to Palatine Private Equity in a deal that provides significant additional equity funding to support its ongoing growth strategy. As part of the deal, LDC has reinvested alongside Palatine to continue its support of the firm’s expansion.
Since the original investment, just 18 months prior, the team has successfully integrated the two separate companies and now represents the largest portfolio of market leading brands in the UK and Ireland. With LDC’s support, it has attracted new brands, developed its proprietary apparel brand Altura, expanded its distribution capabilities and strengthened its senior team. The business now has annual sales in excess of £75m and has built an even stronger platform for future growth.
In May 2018 ZyroFisher acquired Royal Velo France (RVF) from the Exxem group as part of its international expansion strategy. RVF, based in Troyes, is a distributor of leading cycling parts and accessories. It is a key partner for brands such as Sidi, Giro, Bell and CamelBak and has established a strong position in the French market.
The deal marks ZyroFisher’s first acquisition and will enable the team to accelerate the growth of the combined group in Europe.
LDC's financial, strategic and operational support over the past 18 months has been invaluable in the successful integration of Zyro and Fisher, allowing us to capitalise on the combined strengths of the businesses and invest for long-term growth.Matthew Barker, CEO, ZyroFisher