The Dutch company **Accell Group**, which owns several well-known bicycle brands such as Batavus, Sparta, Koga, Raleigh, Ghost, Winora, and Lapierre, was declared bankrupt by an Amsterdam court on August 11, 2026. This decision marked the beginning of a complex process to find potential buyers for the company, which is considered one of the largest cycling firms in Europe. Judicial administrators, who have taken control of the company’s operations, launched a major effort in August to identify interested parties. According to a first public report published on September 22, they contacted more than 300 potential buyers. These candidates were provided with detailed information about the company, including its brands, assets, and customer base. To access confidential data in a secure online room, each candidate had to agree to specific conditions and pay a refundable entry fee of 20,000 euros. Out of the more than 300 leads, 103 candidates progressed to the next stage, where they could review the company's financial figures. By August 31, the deadline set by the administrators, 60 of these candidates had submitted non-binding offers. From there, real negotiations began, with the administrators focusing on the candidates who had made the most compelling offers. However, not all of these offers aim to buy the entire company—some are for individual brands, while others target groups of brands along with their associated inventory and operations. As a result, **Accell Group** could be sold in parts, with different brands ending up under different owners. The process is also influenced by the company’s creditors, who hold a lien on the brands and have the right to reclaim them if their debts are not settled. At the time of the report’s publication on September 22, negotiations were still ongoing with several candidates, each interested in different parts of the company. The administrators described the process as intensive and lengthy, complicated by the company’s size, the number of creditors, and the need to coordinate with legal procedures in other countries. They did not reveal the names of the candidates, the amounts of the offers, or the direction of the negotiations. Meanwhile, business operations in the Netherlands have not completely halted. The 344 employees of the Dutch companies received termination notices on August 13, but 65 of them were rehired for two months to help sell the company’s inventory to bike dealers through the usual sales platform. In the media, the name of the Irish investor **Quanta Capital** has surfaced as a potential buyer, and **DuTech Holdings**, which has previously invested in several bike brands, is also in serious discussions with the administrators. The administrators will release their next report on December 22, 2026, by which time they hope to complete the sale while continuing to manage the inventory.