Derby Cycle Corporation has roots in Luxembourg-based Derby International Corp. SA, a company that had purchased
Raleigh Bicycle Company in April 1987. The Derby Cycle Corporation was acquired by chief Alan Finden-Crofts, former chief of
Dunlop Slazenger, and attorney Ed Gottesman, from Tube Investments (TI) for £18 million, plus £14 million in assumed debt. In 1988, Derby Group acquired the "Kalkhoff" brand from the insolvent Neue Kalkhoff Werke GmbH & Co. KG., creating the German subsidiary Derby Cycle Werke GmbH ("Derby Cycle Werke"). Kalkhoff had been founded in
Oldenburg in 1919. In 1992, Derby Holding (Deutschland) GmbH was established, incorporating Derby Cycle Werke and Raleigh Fahrräder GmbH. Derby Cycle sought U.S. bankruptcy protection on August 20, 2001. The management of Derby International, now Derby Group, acquired Derby Cycle Corporation and renamed it Raleigh Cycle Ltd. In November 2007, Kalkhoff took over the insolvent Derby Cycle Werke's Kynast works in
Quakenbrück. The initial public offering followed the successful restructuring of the Frankfurt subsidiary Finatem on 4 February 2011. The Dutch
Accell Group launched a failed takeover attempt in late 2011.
Pon Holdings, a Dutch trading company that owns the
Gazelle,
Cervélo and Union Bicycles brands, acquired Derby Cycle in 2011. == Brands ==