Earlier this year we reported that, following a €250 million market valuation, the private equity firm that owns an 80% majority stake in Pinarello was looking to cash in and sell up. Since then there has been little news beyond some reports that the Pinarello family was considering buying its majority stake back, having sold it to L Catterton, a private equity firm in partnership with luxury giant LVMH (Louis Vuitton Moët Hennessy) for a reported €90 million in 2016.
But this week, Italian website Tuttobiciweb reported that the former CEO of one of the world's biggest mining companies was visiting the brand in person. The visit was officially to purchase a Bolide, but the circumstances surrounding the visit have led to significant chatter of an impending transaction much larger than that of just one bike.
