Ardian to invest in YT Industries.

Ardian, a private equity firm, agreed to invest in YT Industries, a global high-performance mountain bike provider. Financial terms were not disclosed. “We at YT are passionate mountain bikers, and we develop our bikes with heart and soul. Thanks to an outstanding team, YT has become one of the world’s most admired brands in the mountain bike space. Together with Ardian as our partner, we are looking forward to taking the company to the next level by expanding our business internationally and coming even closer to our customers. To us it is critical to stay true to our brand and stick to our core values, which made us successful: focus on quality, innovation, and our community. We are excited for the growth that this new partnership heralds and leading the company into the next chapter of its young history," Markus Flossmann, YT Co-Founder and CVO.