NEW YORK, NY, Jan. 13 /PRNewswire-FirstCall/ - Wind Point Partners has entered into a definitive agreement for the sale of Pacific Cycle LLC to Dorel Industries, Inc. The transaction is expected to close by the end of January 2004. CIBC World Markets acted as exclusive financial advisor to Windpoint partners. Pacific Cycle designs, markets and distributes high quality bicycles and other recreational products under a portfolio of brands including Schwinn, Mongoose, GT and InSTEP. Wind Point Partners is a Chicago, IL based private equity firm that acquired Pacific Cycle in 1998. Based in Westmount, Quebec, Dorel Industries is a consumer products manufacturer and importer of juvenile products and home furnishings. Its principal business segments consist of ready-to-assemble furniture, juvenile furniture and accessories, as well as home furnishings. Dorel Industries is listed on both the Toronto Stock Exchange and the NASDAQ.
SOURCE CIBC World Markets