Bregal Partners completed the acquisition of PEARL iZUMi.

Bregal Partners, a private equity firm, completed the acquisition of PEARL iZUMi, an iconic manufacturer and retailer of cycling apparel and accessories. Financial terms were not disclosed. "We have tremendous momentum and an amazing team that's dedicated to continuing to grow the brand to new heights. Shimano has provided significant support and guidance throughout its ownership, and while we will miss being part of Team Shimano, we also know there is great future potential for the brand and look forward to continuing to grow our business with USB," Geoff Shaffer, PEARL iZUMi President.