Daiwa PI Partners completed the acquisition of Y International from The Riverside Company.

Daiwa PI Partners, a private equity firm focused on non-performing loan investments and energy investments, completed the acquisition of Y International, a high-end bike retail chain, from The Riverside Company, a global private investor focused on the smaller end of the middle market. Financial terms were not disclosed. "We are proud of what we have accomplished with the Y International team, transitioning the organization from a traditional 100-year-old family-owned business to a fully professional management organization drawing on some of Japan’s best retail corporate executives from a variety of industries," Stuart Baxter, Riverside Partner.