IMT Centre For Distance Learing Ghaziabad

Alumni Corporate Contribution

Our Alumni Mr. Naveen Singh played an integral role towards the Merger and Acquisition Deal in December 2020. The deal involved sale of majority stake of “CANYON Bikes to GBL (Adidas largest shareholder). Deal was worth €800m. He was involved in the Financial due Diligence of this deal from PwC Germany side. This was one of the largest acquisitions in recent times.

Also, COVID had a positive impact on this deal of Canyon bikes – since more and more people are inclined towards fitness now.

Link to company’s website

https://www.canyon.com
Related links to the deal are:

https://www.forbes.com/sites/carltonreid/2020/12/15/adidas-largest-shareholder-groupe-bruxelles-lambert-takes-majority-stake-in-canyon-bicycles/?sh=69673e97354a