Sale of Evans Cycles to ECI Partners agreed

Active Private Equity, owners of Evans Cycles, has agreed the sale of the retail chain to London-based private equity firm ECI Partners

(Photo: Youtube/evanscycles)

ECI Partners has agreed to buy Evans Cycles from Active Private Equity as the retailer looks to move to its next phase of growth.

The deal sees ECI agreeing to purchase a significant majority stake in Evans, with the remainder held by management, although details of the sale were undisclosed.

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Stuart Clarke is a News Associates trained journalist who has worked for the likes of the British Olympic Associate, British Rowing and the England and Wales Cricket Board, and of course Cycling Weekly. His work at Cycling Weekly has focused upon professional racing, following the World Tour races and its characters.