Stagecoach founder invests in e-bikes

Souter Investments, the private equity focussed family investment office of Stagecoach founder Sir Brian Souter, has completed an investment in European electric bicycle (e-bike) producer Leader.

Leader produces e-bikes and supplies touring, trekking, mountain, folding and gravel e-bikes. The Company is based in Bulgaria with sales across Europe.

Souter has backed The Rohatyn Group, the global asset management firm and regional specialists, who led the acquisition and will partner with Dimitar Zlatanov, Leader’s CEO, and a member of the Company’s founding family. The deal provides the Company with investment and expertise to aim to rapidly accelerate its e-bike production and broaden its product offering.