Odyssey backs Australia mountain bike business
Odyssey Private Equity has acquired a significant stake in MTB Direct (MTBD), an Australia-based online retailer specializing in mountain bikes, replacement parts, and cycling clothing and accessories.
The size of the deal was not disclosed. It is the sixth investment from the private equity firm’s debut fund, which closed at A$275 million ($212 million) in 2017 and writes checks of A$15-40 million...
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