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Riverside invests in Germany-based Bike24

New York-based private equity firm Riverside Co. agreed to invest in Dresden, Germany-based bicycles and bike accessories seller Bike24 GmbH.

Financial terms of the deal were not disclosed.

The acquisition from WiggleCRC is expected to close later in 2019. The deal marks Riverside's second partnership with Bike24 after previously investing in the company in 2015.

The investment is expected to help the company expand its footprint in Europe, further its organic growth and pursue add-on acquisitions.

Riverside also invested in Blue Moon Estate Sales USA LLC, an estate sale services provider, for undisclosed terms.

The partnership is expected to help Blue Moon Estate Sales further its growth through more add-on acquisitions, capital expenditures, product expansions, and research and development efforts.