Houlihan Lokey Advises Bike24 Holding AG

Houlihan Lokey is pleased to announce that Bike24 Holding AG (BIKE24), listed on the Frankfurt Stock Exchange, has extended its existing bank facilities of €40 million with a club of three banks. The transaction closed on 12 February 2025.

BIKE24 is a leading e-commerce platform for bikes, parts, components, accessories, and clothing for the community of cycling enthusiasts. Founded in 2002 and headquartered in Dresden, Germany, the company has grown from a specialised online retailer to one of the leading e-commerce platforms in continental Europe with a focus on the premium segment. With more than 900,000 active customers and a comprehensive selection of around 77,000 products, BIKE24 is a leading one-stop shop for all cycling needs. Using its state-of-the-art AutoStore warehouse systems located in Dresden and Barcelona, Spain, it can efficiently serve customers in more than 80 countries.

Following a short-term extension of its syndicated loan in March 2024, stabilising the company’s financing situation amid industry-wide margin pressure, BIKE24 continued the dialogue with its existing lenders and proved its ability to deliver on its business plan. As a result, the company was able to extend its syndicated loan into a medium-term financing solution provided by its existing lenders.

The revised financing structure provides increased operational flexibility to the company and introduces a covenant framework better aligned with BIKE24’s strategic and operational requirements.

Houlihan Lokey acted as the exclusive financing advisor on all commercial aspects of the transaction. Despite the challenging market sentiment towards the bike sector, Houlihan Lokey supported BIKE24 in structuring a competitive financing solution with flexibility to support the company’s growth strategy.

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