Cerberus Capital Management, an American private equity firm, and Koch Equity, a private equity firm, failed to acquire Dorel Industries, a Quebec-based bicycle and children's product maker, for $357m. "Dorel has granted the buyer group exclusivity through November 10, 2020, to complete negotiations and enter into a definitive transaction agreement between Dorel and the buyer group," Cerberus Capital Management. On February 15, 2021 Cerberus terminated its offer for Dorel after examining the proxy votes, ending the battle with significant shareholders of the target Letko or Brandes Investment Partners that opposed the deal.