International legal business DWF has advised Palatine Private Equity in connection with its investment in ZyroFisher, the leading cycling parts and accessories distributor, alongside mid-market private equity investor LDC as both firms provide the financial firepower to support the business's continued expansion strategy.

ZyroFisher was originally formed in April 2016, when LDC backed the management buyout of Zyro and supported the simultaneous acquisition of Fisher Outdoor Leisure. Based in Darlington, the business supplies major retailers such as Wiggle, Halfords and Evans as well as over 2,000 independents, providing a route to market for dozens of specialist brands with best in class sales, marketing, distribution and customer services support.

Over the past 18 months, the team has successfully integrated the two separate companies and now represents the largest portfolio of market leading brands in the UK and Ireland. It has attracted new brands, developed its proprietary apparel brand Altura, expanded its distribution capabilities and strengthened its senior team. The business now has annual sales in excess of £75m and has built an even stronger platform for future growth.

Jonathan Robinson said: "We are delighted to have worked with Palatine Private Equity on this transaction. We look forward to seeing Matthew Barker and the management team alongside the Palatine and LDC teams as they work with the business on its future growth opportunities"

The DWF team was led by DWF National Head of Private Equity, Jonathan Robinson, partners Alasdair Outhwaite and Iain Shurwood, senior associates Vicky Ross and Eleanor Cook and solicitors Charlotte Walden, Francesca Kinsella, Matthew Hanaman and Deborah Payne.