Potential buyers reportedly circling Endura

Companies that missed out on buying Rapha, sold last month for a reported £200 million, are reportedly circling Scotland-based cycle clothing firm, Endura.

The business, founded in 1992 by Jim McFarlane, is said by Sky News to have appointed advisors to handle a potential sale.

Based in Livingston, it is expected to achieve £3.5 million in earnings before interest, tax, depreciation and amortisation in its current financial year on sales of £30 million.

The company, which has adopted a more premium brand position in recent years, sells its products in more than 40 countries worldwide.

Besides the UK, which accounts for 40 per cent of sales, other important markets for Endura include Europe, North America and Australasia.

Potential buyers to have approached the business regarding a potential sale are said to include Investindustrial, which has a stake in Aston Martin and was one of the unsuccessful suitors of Rapha.

Endura is currently around 30 per cent owned by Penta Capital,  which Sky News said declined to comment on its report.

The news comes as Movistar unveiled its 2018 kit as it continues its longstanding relationship with Endura, its clothing sponsor.

A fresh new look for @Movistar_Team for 2018, still the same Scottish made high quailty #RenegadeProgress https://t.co/oNU2dNythC

— Endura (@endura) September 11, 2017

The Spanish UCI WorldTour outfit also announced today that it is launching a women's team next season.