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Accell Files Insolvency for Historic Raleigh Bike Brand

8/6/2026

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Summary

Story summary

Accell Group opened insolvency proceedings for its Raleigh brand after failing to find a buyer.
Raleigh, founded in 1887, produced one million bicycles annually in Nottingham and employed over 8,000 staff.
KKR acquired Accell in 2022 for €1.4 billion and later handed it to banks after a failed Dutech Holdings takeover via Tri Star Group.
CEO Jonas Nilsson said the firm will work with administrators and aim to preserve jobs.

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Story summary

Accell Group opened insolvency proceedings for its Raleigh brand after failing to find a buyer.
Raleigh, founded in 1887, produced one million bicycles annually in Nottingham and employed over 8,000 staff.
KKR acquired Accell in 2022 for €1.4 billion and later handed it to banks after a failed Dutech Holdings takeover via Tri Star Group.
CEO Jonas Nilsson said the firm will work with administrators and aim to preserve jobs.