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Niner Bikes Has Been Recapitalized Through the Funding of Growth Capital

Fort Collins, CO – Niner Bikes, Inc. has announced the successful closing of a debt refinancing and growth recapitalization. FocalPoint Securities, LLC served as Niner’s exclusive financial advisor on the transaction.

Niner is the market’s leading independent designer, manufacturer and marketer of state of the art, premium category mountain bikes. Founded in 2005, Niner set out to innovate within the mountain bike category by focusing exclusively on 29” wheel technology. Adherence to its vision has led the Company to remarkable customer loyalty and unmatched growth within the competitive mountain biking marketplace. Niner has been recently recognized by Forbes (“List of America’s Most Promising Companies”), Inc. 500 (“Fastest Growing USA Companies”), and the Los Angeles Business Journal (“Fastest Growing Companies”). The Company’s products are sold through a domestic network of over 400 independent bike dealers and internationally through distributors in 20 countries.

Chris Sugai, President of Niner Bikes, commented, “FocalPoint quickly learned our business and assessed our capital requirement. Tom Mills and his team were able to source the perfect capital for our growing business in a very short time. FocalPoint not only sourced a favorable facility, but also served as a critical advisor during the due diligence and closing processes.”

Thomas Mills, Managing Director at FocalPoint stated, “It was a pleasure working with Chris and the entire management team at Niner during this exciting growth period in the Company’s history. It was important to source a strong capital partner who understood the Company’s business and the market opportunity that exists for Niner. FocalPoint’s deep consumer products experience and our activity level in the capital markets allowed us to identify a great partner for Niner and close the transaction quickly.”

Duane Stullich, Managing Partner at FocalPoint added, “This transaction represents another closing in the healthy, active and sustainable living industry, a sector that FocalPoint has targeted. Approaching $1 trillion in annual sales by rapidly growing consumer companies, the sector is fueled by the aging of the population and the increased pursuit across all ages of activities and behaviors that promote longevity and quality of life.”

About Niner Bikes, Inc.
Founded in 2005, Niner has grown to become the market’s leading independent designer, manufacturer and marketer of state of the art, premium category mountain bikes. The Company is focused on innovative engineering and design, and exclusively on 29” (“niner”) wheel technology. Adherence to its vision has led the Company to remarkable customer loyalty and unmatched growth within the competitive mountain biking marketplace. Niner has been recently recognized by Forbes (“List of America’s Most Promising Companies”), Inc. 500 (“Fastest Growing USA Companies”), and the Los Angeles Business Journal (“Fastest Growing Companies”). The Company’s products are sold through a domestic network of over 400 independent bike dealers and internationally through distributors in 20 countries.

About FocalPoint Partners, LLC
FocalPoint is an independent investment bank with offices in Los Angeles and Chicago, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings/work-outs. The firm’s primary focus is on middle-market companies. For more information, visit www.focalpointllc.com.

Please contact Thomas Mills or Duane Stullich with any questions about this transaction.