KBS Corporate Finance recently completed a deal involving our client, Superbike Factory Limited, and Livingbridge EP LLP, a UK mid-market private equity firm that has backed successful businesses for over twenty years.
Established in 2010 by entrepreneurs, Scott Behrens and James Watson, Superbike is the UK’s largest independent supplier of used motorbikes, and through offering bespoke financing options to customers, the company has emerged as the UK’s leading finance broker in the motorcycle market. Superbike employs 89 staff and operates its business both online and using a physical showroom located in Macclesfield, Cheshire.
Well known across the North West as a market-leader, Superbike has established itself as one of the key employers within the region, and the resulting investment by Livingbridge is expected to create yet more job opportunities within the region.
Furthermore, Livingbridge’s investment in Superbike will support the company’s plans to accelerate growth through the opening of a new site in the South of England, increased marketing initiatives, more opportunities for staff and provision of added-value services for its loyal customers. The deal is being financed by Livingbridge’s Enterprise 2 Fund, which raised £220m when it opened in October 2015.
The transaction adds to Livingbridge’s portfolio of online-first businesses such as ticket aggregator, Direct Ferries, online car rental platform, Travel Jigsaw, and online-only fast fashion retailer, In The Style.
Scott Behrens, founder and Managing Director of Superbike, commented “Livingbridge’s experience in helping high-growth, digitally focused retailers become clear industry leaders made them the natural choice for us when we sought to take the business up a gear. We have built a strong and scalable business model and Livingbridge is the ideal partner for the next stage of our journey.”
Nick Holder, Investment Director at Livingbridge, said “Superbike is a compelling investment opportunity for Livingbridge. Scott and the team have built a disruptive, digital-first retailer in a traditional market, which is winning because it is delivering the service that buyers and sellers of used motorbikes want.
“We are excited to be investing in the business and working with Scott and his team to take Superbike to the next level.”
Dave Gardner and Stuart Lees of KBS Corporate Finance advised on the deal. Dave commented, “Livingbridge’s knowledge and years of experience in expanding successful UK businesses with strong potential, and most especially the firm’s track record of working with online-first retailers, will undoubtedly provide Superbike with the perfect platform to achieve its wider growth strategy and fulfil its future objectives. I’m certain that the investment will open the door to new opportunities and provide great success for both companies.”