Cicli Pinarello S.r.l.
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Cicli Pinarello S.r.l. - overview
Established
1952
Location
-, -, Italy
Primary Industry
Consumer Products
About
Based in Italy, Cicli Pinarello S. r. l. specializes in manufacturing high-performance bicycles and accessories, targeting cycling enthusiasts and professional athletes with innovative products that enhance performance.
Cicli Pinarello S. r. l. is a bicycle manufacturer founded in 1952 in Treviso, Italy.
The company is known for its focus on high-performance bicycles. It has completed 2 investment deals, with the most recent deal occurring on June 29, 2023, when L Catterton exited its stake in the company. The founder's detailed history is not available, and there are no references to subsidiaries or mergers that would require mention. Pinarello specializes in high-performance bicycles and related accessories, catering primarily to cycling enthusiasts and professional athletes.
The company’s core offerings include road bikes, gravel bikes, e-bikes, and various cycling apparel and accessories. Notable models such as the Dogma F and Bolide F are designed for competitive racing, emphasizing aerodynamics, lightweight construction, and advanced materials technology. Pinarello's products are utilized by cyclists seeking superior performance in competitive environments, enhancing their riding experience through engineering. Their customer base spans global markets, including Europe, North America, and Asia, serving both individual consumers and cycling teams looking for high-quality, race-ready bicycles.
In 2023, Pinarello reported revenue of USD 107. 94 mn and an EBITDA of USD 9. 43 mn. The company’s revenue structure is largely derived from direct-to-consumer sales through their online platform, as well as partnerships with retailers and cycling shops.
Flagship products, such as the Dogma F and Bolide F, represent significant contributions to sales, appealing to serious cyclists who prioritize performance and innovation. The company also offers various pricing tiers based on specifications and customization options, allowing for a diverse range of purchases from entry-level to premium models. Cicli Pinarello S. r.
l. plans to enhance its product lineup with upcoming releases, targeting new bicycle designs aimed at competitive cyclists. The company is looking to expand into markets in Asia and South America by the end of 2024. Following the recent funding deal on June 29, 2023, the financial terms of which were not disclosed, the company will utilize the investment to support these product developments and market expansions.
Current Investors
L Catterton
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods, Automobiles, Other Vehicles & Parts
Website
www.pinarello.com/
Verticals
E-commerce, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Cicli Pinarello S.r.l. - timeline of key events
Cicli Pinarello S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 | Jun 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | 15,879,000 | 52,730,416 | 61,047,686 | 46,008,567 | 54,267,562 | 72,595,968 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | 15.8% | (24.6%) | 18.0% | 33.8% | - | - | - |
| EBITDA (USD) | (510) | 270 | 95 | 50 | 549 | 28 | 28 | 2,813,000 | 7,819,655 | 8,016,319 | 2,928,226 | 4,332,905 | 9,629,053 | - | - | - |
| Operating Income (USD) | (510) | 270 | 95 | 50 | 549 | 28 | 28 | 1,565,000 | 3,817,880 | 3,917,942 | (1,427,786) | (45,552) | 5,189,515 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | 9.9% | 7.2% | 6.4% | (3.1%) | (0.1%) | 7.1% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | 17.7% | 14.8% | 13.1% | 6.4% | 8.0% | 13.3% | - | - | - |
| NET Income (USD) | (510) | (510) | 43 | 50 | 69 | 28 | 28 | 273,000 | 901,463 | (2,572,014) | (2,700,304) | (2,241,383) | 2,871,164 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | 1.7% | 1.7% | (4.2%) | (5.9%) | (4.1%) | 4.0% | - | - | - |
Cicli Pinarello S.r.l. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Cicli Pinarello S.r.l. | - | ||||||||
| Buyout | Completed | Cicli Pinarello S.r.l. | - |
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Cicli Pinarello S.r.l. - employee data
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