LBO France completed the acquisition of a stake in Moustache Bikes, a company that specialises in designing, assembling and distributing electric bikes. The private equity firm Initiative & Finance is selling its 55% stake held since 2015, and the company’s founding managers, Emmanuel Antonot and Grégory Sand, who hitherto owned 45% of the capital, are reinvesting significantly. "We are delighted to have the opportunity to work alongside the two founders and the team of Moustache Bikes to support the company in its new growth phase, both in France and internationally. While electric bikes currently account for 11% of the bikes sold in France, they are gaining ground as a new means of urban transportation and a new, dynamic leisure activity," Vincent Briançon, LBO France Mid Cap Partner.