8 September 2021
Innovative racing bike manufacturer, Factor Bikes, has successfully closed its latest investment round with various investors, including Scott Farquhar and Kim Jackson’s investment fund, Skip Capital, four-time Tour de France champion, Chris Froome, and Point King Capital, investing over US$10 million (approx. AU$13.45 million) in Factor Bikes’ shares.
Coghlan Duffy + Co Lawyers, led by Director, Charly Duffy, and Associate Director, Zain Kazi, were delighted to act for Factor Bikes on its investment round and to be a part of its fascinating growth story.
Originally founded in 2007 as an engineering and design firm in Norfolk, England, Factor Bikes has grown to become a manufacturer of premium, innovative and bespoke racing bikes. It prides itself on its commitment to high standards and use of state-of-the-art technology at its manufacturing facility in Taiwan. It also counts many elite athletes and cycling teams from around the world amongst its supporters, including professional cycling team, Israel Start-Up Nation. Factor Bikes intends to use the funds raised to grow its consumer brand offering, launch a flagship store in Melbourne and expand globally.
For more information about this transaction, please refer to the recent articles in The Australian and The Sydney Morning Herald.
For further information, contact:
Charly Duffy | Director
T: +61 3 9614 2444
E: cduffy@cdandco.com.au
Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne. The firm is proud to work with an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.
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