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Peter Stuart

Pinarello reportedly sold to mining billionaire for €200m

Fausto Pinarello Ivan Glasenberg L Catterton Mining Ineos Grenadiers
A white and black pinarello F9 against a concrete wall

Italian bike brand and Ineos Grenadiers sponsor Pinarello has been sold by private equity firm L Catterton to a private office, with reports suggesting that the buyer is former Glencore CEO and Q36.5 investor Ivan Glasenberg.

News of the sale was shared officially by L Catterton on Thursday 29th June, while terms of the transaction were not disclosed. However, reports in the Gazzetta dello Sport confirm that Glasenberg is the new owner with rumours that the transaction price was around €200 million.

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