Key facts
- Accell Group has begun insolvency proceedings.
- Accell Group owns the Raleigh bicycle brand.
- The company failed to secure a buyer.
- The company could not find a viable solution for its operations.
- Accell Group was acquired by KKR in 2022.
Accell Group, the company that owns the historic Raleigh bicycle brand, has initiated insolvency proceedings. The decision comes after the company's efforts to secure a buyer or identify a sustainable operational solution proved unsuccessful. Accell Group was previously acquired by the private equity firm KKR in 2022. The current insolvency proceedings raise questions about the future of the Raleigh brand and its associated operations.