The KKR-owned Dutch bike maker will see its super senior lenders take an unspecified haircut on the company’s outstanding debt, in exchange for a controlling equity stake. KKR led a consortium that paid €1.56 billion ($1.77 bb) for Accell in 2022, and it was unclear how much, if any, of Accell it would retain after the deal closes. The negotiated settlement avoids any bankruptcy or receivership filing. As part of the recapitalization, the parent of Raleigh, Haibike, and several other bike brands ... Log in to view full article.