11:08 AM EST, 03/08/2024 (MT Newswires) -- KKR's (KKR) Accell Group lenders have selected advisers to assess options for the bicycle manufacturer amid struggles spurred by waning demand and operational hurdles, Bloomberg reported Friday, citing people familiar with the situation.

Holders of the company's term loan B named Houlihan Lokey ( HLI ) and Milbank as advisers, while Accell is collaborating with Kirkland & Ellis to weigh options for the Dutch company, Bloomberg reported.

KKR, Houlihan Lokey ( HLI ) and Kirkland & Ellis declined to comment, while representatives for Accell and Milbank didn't reply to requests for comment, Bloomberg said.

None of the companies immediately responded to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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