Friday, 17 November 2017

BREAKING NEWS: MAG Group network of brands - today many of them filing for Chapter 11 bankruptcy

MAG Group network of brands- 
today many of them filing for Chapter 11 bankruptcy.

 MAG family of brands that the company owns certainly is: 
Performance Machine wheels, Roland Sands Design, 
Renthal handlebars, Vance & Hines exhausts, 
Tucker Rocky, J&P Cycles, etc.

The network of brands has been struggling over the recent years though, 
and today we learn that many of them will be filing for Chapter 11 bankruptcy, 
while the overarching MAG Group business restructures its debt and finds new ownership.

While this is not the sexiest news story to happen in the motorcycle industry this year, it is certainly one of the most important and complicated. As such, we will try to break it down in a digestible way for you.


Debt and the New Owners of MAG
The first thing to understand is that MAG itself as company has acquired a massive amount of debt, and through the process that we are about to explain, MAG hopes to eliminate close to $300 million of debt off its books.
The primary method for MAG to clear its debt is what is called a debt-for-equity swap. This basically means that the lenders that MAG owes money to will take an equity position in MAG. This means they are getting stock in MAG, paying for this equity with the money that MAG owes them.

However, the amount of money that MAG owns is substantial, and it means that so much equity in MAG must be exchanged in order to pay off the loans that these lenders are effectively becoming the new business owners of MAG.
As such, these new owners are Monomoy Capital Partners, BlueMountain Capital, and Contrarian Partners, and they will lead the new owners group for MAG and its house of brands, implementing their own new Board of Directors for MAG, which will surely appoint new leadership to MAG and its holdings.

Chapter 11 for Brands
Not all of MAGs debt will be converted into equity for the companys lenders, however. This is presumably because the amount of money owed exceeds how much money MAG is worth on paper.
Therefore, many of MAGs holdings are filing for relief under Chapter 11, Title 11 of the US Code better known as Chapter 11 bankruptcy.

The companies filing for Chapter 11 are the following: Renthal Americas, Tucker Rocky, Performance Machines (which includes Roland Sands Design), Vance & Hines, J&P Cycles, Velocity Holdings Company, Velocity Pooling Vehicle, DFR Acquisition, Ed Tucker Distributor, Kuryakyn, MAG Creative Group, MAGNET Force, Motorcycle Superstore, Motorcycle USA, Motorcycle Aftermarket Group, Mustang Motorcycle Products, Ralco Holdings, and Rally Holdings.

Chapter 11 filings give fairly large ranges of debt declaration once you get beyond the million dollar range, and there are several of MAGs holdings filing in the $100 million to $500 million range.
However, taking the smallest amounts possible into account, the MAG companies are filing for a combined amount in excess of $872,650,000. This means that real figure is likely above the $1 billion mark.

By having these companies file for protection under Chapter 11, the new owners of MAG will be able to more rapidly turnaround the companys overall business, and return to profitability.
It is not clear at this time how much of this near-billion dollar debt is owed to MAGs new financial owners, though we imagine it is a considerable amount.

In the Transition
In order to finance these companies through their bankruptcy proceedings, MAG has secured $135 million in what is called debtor-in-possession (DIP) financing.
DIP financing is money lent to a company pre-bankruptcy, and is typically used to continue normal business operations while the bankruptcy works its way through the legal system.
It should be noted that usually DIP loans like this are given with very strict provisions on how the money can be used. It is important to note too that DIP financing is debt that is senior to any other debt, that is to say, it must be paid back first during any refinancing or bankruptcy arrangement.

Coming Out the Other Side
MAG insists that it will be business as usual for the companys employees, customers, and vendors. For the most part, that seems to be true. Undoubtedly, MAGs new owners will change the companys business focus and operations, in order to ensure profitability post-bankruptcy.
On a more macro scale however, MAGs financial difficulties should be seen as a bellwether on the state of the American motorcycle industry. With only a handful of weeks left in the calendar year, we can surely expect to hear Q4 and annual reports that show motorcycle sales in decline.
Asphalt & Rubber is predicting an industry contraction of roughly 7% for 2017 in the USA, which is noticeable after the relatively flat past years of 2015 and 2016.
With sales down, companies struggling, and the motorcycle media landscape completely up for grabs (two titles of which were under MAG ownership), the curse may you live in interesting times certainly seems to apply.

Obviously this is an evolving situation in the US motorcycle industry. 
We will file additional reports as more information becomes available

Thanks to Cyril Huze

Thursday, 16 November 2017

John Kay and Steppenwolf Bring Heavy Metal Thunder to the Sturgis Buffalo Chip®

 John Kay and Steppenwolf Bring Heavy Metal Thunder to the Sturgis Buffalo Chip® 

Iconic motorcycle rock band to bring Chip fans back 
to the dawn of motorcycle culture as it’s known today.

Sturgis, SD – Motorcycle and music fans will have the chance to see true living legends at the Sturgis Buffalo Chip this August when John Kay and Steppenwolf bring their heavy metal thunder to the Wolfman Jack Stage on Friday, Aug. 10. Steppenwolf changed the rock ‘n’ roll landscape and the world of motorcycling forever. Their songs featured in the biker culture classic “Easy Rider” became synonymous with riding and rebellion. The official announcement video can be seen here: www.BuffaloChip.com/BANDS.



Steppenwolf is the original biker band and is credited with spawning an entire genre of music when singer John Kay coined the term “heavy metal” in the lyrics “heavy metal thunder”. The band’s music gave the world of motorcycling the impetus for many a road trip with anthems that include “Born to be Wild” and “Magic Carpet Ride.” Classic hits like “Rock Me,” “The Pusher” and “Jupiter’s Child” became engrained in the hearts of bikers everywhere.

“When these guys said ‘Get Your Motors Runnin’, they inspired a movement and became the soundtrack for bike nights, garage sessions and hangouts for generations,” said Rod Woodruff, President of the Sturgis Buffalo Chip. “It just doesn’t get any more authentic than John Kay and Steppenwolf on the largest stage in motorcycling. They are the real deal. This will be the biker event of the year.” 
The headlining performance by John Kay & Steppenwolf is the most recent of three huge names to sign on to perform at the Buffalo Chip in 2018. Eric Church is scheduled to perform Wednesday, Aug. 8 followed by Kid Rock on Thursday, Aug. 9. Many more world-class bands will be announced soon. 
In additional to musical entertainment, the Buffalo Chip TT American Flat Track race will take place in the amphitheater on Sunday, Aug. 5. The annual concert and event series, known as the “Best Party Anywhere®,” will begin on Friday, Aug. 3 and run through Sunday, Aug. 12, 2018. More information is available and passes may be purchased at BuffaloChip.com. 



About The Sturgis Buffalo Chip
The Sturgis Buffalo Chip® is the Largest Music Festival in Motorcycling®. It is the world’s first and leading entertainment destination for the motorcycle enthusiast and 2017 South Dakota Excellence in Tourism Innovation award winner. Since 1981, the venue’s high-profile, nine-day festival, known as The Best Party Anywhere®, remains one of the world’s most televised and longest running independent music festivals. Located three miles east of Sturgis, SD on 600 creek-fed acres, it offers eight stages of entertainment, a swimming hole, bars, mouth-watering food, showers, cabins, RVs, camping and more to visitors traveling from all corners of the world. The Chip's concerts and races are free with camping. The 2018 Motorcycles as Art exhibit curated by Michael Lichter, numerous bike and stunt shows and all shopping, live music and events at the CrossRoads are free and open to the public. More details are available at www.BuffaloChip.com.

Indian Motorcycle honors Flat Track “Wrecking Crew” at EICMA with Scout FTR1200 Custom unveil

Indian Motorcycle honors Flat Track “Wrecking Crew” at EICMA with Scout FTR1200 Custom unveil

Indian Motorcycle has recognized its championship-winning American Flat Track race team, the Wrecking Crew, with a custom-built Scout FTR1200 street bike. 

The Scout FTR1200 Custom “takes inspiration from the Scout FTR750’s purpose-built flat track race bike that Indian’s “Wrecking Crew” piloted throughout a dominating championship season in the 2017 American Flat Track series. Built in partnership with Indian’s race team, the one-off custom houses the Scout’s street legal 1133cc V-twin engine.
“As well as honoring Indian’s race team of Jared Mees, Bryan Smith and Brad Baker, the Scout FTR1200 Custom serves as an exploration of how Indian could expand brand perception around the world, with exciting new offerings that are relevant to a wider ranging consumer set.”



Out of the 18 flat track races that took place in 2017, the “Wrecking Crew” took 37 of the 54 podium positions available, including six podium sweeps and 14 race wins, bringing Indian the manufacturer’s title and Mees his fifth AMA Grand National Championship. 
Not only that, Mees, Smith and Baker swept the 2017 AFT Championship, placing 1st, 2nd and 3rd, respectively. 
Mees tallied 10 wins out of 18 races and set a new single-season record of 17 finishes on the podium, while Smith was on the podium nine times, with four wins, three runner-ups and two third place finishes. Baker tallied 10 podiums, despite being out with an injury and unable to compete in the final two races. He earned five runner-ups and five third place finishes.



At EICMA, President of Motorcycles Steve Menneto, said: “We built this bike to celebrate the FTR750’s dominant performance in American Flat Track and Indian’s return to racing. To come up with this one-off custom, we worked closely with the Indian Motorcycle Racing team to execute a vision of what a bike could look like if we brought the FTR platform to the street.
“We’ve built a strong foundation in the Cruiser, Bagger, Tourer (CBT) segment over the past five years, and we are excited by the positive feedback on the FTR750 and the opportunities to grow the brand globally in the years to come,” Menneto continued. 
Following EICMA, the Scout FTR1200 Custom will go on a world tour and be exhibited at events throughout 2018 to help the brand continue to expand its reach. 
With Indian Motorcycle targeting 50 percent of its sales to be outside the United States, its VP/GM in Europe, Grant Bester, said that he was excited to see the reaction to this custom bike in the European market: “While the US has the American Flat Track series, we too have seen a growth in flat track racing right here in Europe. Numerous Indian Scouts have been modified for flat track racing and the sport is becoming increasingly popular across Europe. This custom build will gain some attention as it goes on world tour, and we will be really interested in the consumer feedback.” 


MAG - Motorsport Aftermarket Group TR/MAG in Chapter 11 Bankruptcy Protection Filings; has new owners

Motorsport Aftermarket Group 

TR/MAG in Chapter 11 Bankruptcy Protection Filings; has new owners
-    Motorsport Aftermarket Group implements debt recapitalization
-    Over $300 million of debt to be eliminated
-    Operations unaffected, customer services continue uninterrupted

The following is the full, unedited text of a press release received at the AMD office at 17:30 hrs EST Wednesday November 15, 2017


COPPELL, Texas, Nov. 15, 2017 
Motorsport Aftermarket Group (“Company” or “MAG”), a leading independent manufacturer and distributor of branded aftermarket products and online retailer for the powersports industry, today announced it is implementing a comprehensive, consensual recapitalization to eliminate approximately $300 million in debt through a debt for equity exchange supported by in excess of 90 percent of the principal amount of the Company’s prepetition first lien secured lenders, and its asset-backed lenders.
“Through this process, which we have been working very hard on with our key lenders to accomplish over the past month, we will de-lever our balance sheet allowing us to more effectively compete in today’s evolving powersports market. MAG’s businesses will continue to operate unaffected and the Company has sufficient liquidity to fund operations. Customer service and sales will continue, employees will receive wages and benefits as before, and vendors and suppliers will be paid in the ordinary course of business going forward,” said CEO Andrew Graves.

To implement the recapitalization, the Company and certain of its affiliates have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. The Company expects to move through the process quickly, and emerge in the first

Wednesday, 15 November 2017

Yamaha MT-09 SP

Challenge the Darkness - Yamaha MT-09 SP

De verleiding van de 'Dark Side of Japan' wordt elke dag sterker. 
Onze exclusieve MT-09 SP is de nieuwste Hyper Naked 
van Yamaha's best verkopende serie. 

Zijn uitstekende specificatie en op de racesport gebaseerde kleuren 
maken hem tot de ultieme driecilinder MT.


De MT-09 SP is uitgerust met een volledig afstelbare Öhlins-schokdemper achter en tilt het gevoel van wendbaarheid van de Hyper Naked naar een hoger niveau. Tot zijn speciale uitrusting behoren afstelbare vorken, zwarte instrumenten met zwarte bedieningshendels, blauwe wielen en een blauw-gestikt zadel.


De afwerking met de op de MT-10 SP geïnspireerde Silver Blu Carbon kleurstelling maakt van deze sportieve naked bike de 'real deal'. MT-09 SP: Challenge the Darkness.

Details
Op afstand afstelbare Öhlins-achterwielophanging
Exclusieve Silver Blu Carbon kleurstelling
Quick Shift Systeem (QSS) voor sneller opschakelen
Wendbaarheid
Dynamische styling, agressieve twin LED koplampen
Sterke CP3 847 cc driecilinder crossplane-motor
Volledig afstelbare voorvorken
Assist en Slipper (A&S) koppeling voor nauwkeuriger insturen van bochten
Traction Control Systeem (TCS) en D-MODE
Op swingarm gemonteerde kentekenplaathouder
Lichtgewicht aluminium frame en swingarm
ledpositielichten

Kawasaki News Show in Soest

Ongekend veel belangstelling voor 
Kawasaki News Show in Soest!

Kawasaki zet wederom de motorwereld op zijn kop door al op 25 en 26 november haar eigen News Show te organiseren in het Nationaal Militair Museum in Soest. Men kan duidelijk niet wachten om alle 2018 modellen en primeurs te komen zien, want inmiddels hebben al meer dan 5.000 motorrijders zich op www.kawasaki.nl aangemeld voor gratis toegang!


Henk Salomons, Directeur Kawasaki Benelux:
“Het is geweldig om te zien dat Kawasaki zo gigantisch in de belangstelling staat. Dit zien we niet alleen aan de uitzonderlijke groei die we de afgelopen jaren hebben doorgemaakt, maar ook aan de enorme aandacht die ons merk krijgt van de media én de consument. Op de EICMA Show in Milaan was Kawasaki al de smaakmaker met het meeste 2018 nieuws en in Soest gaan we dit nog een keer dubbel en dwars overtreffen!” 


Naast alle 2018 primeurs zoals de Z900RS retro’s, de Supercharged Ninja H2 SX en de Ninja 400 zullen alle 2018 Kawasaki modellen en kleuren voor het eerst te zien zijn in Soest. Verder laten we iedereen ook kennis maken met onze rijke historie in een indrukwekkend Kawasaki mini-museum. 


De toegang is gratis op vertoon van je motorrijbewijs en na pre-registratie op www.kawasaki.nl. Mensen zonder motorrijbewijs betalen het speciale Kawasaki tarief van € 5,- (normale prijs € 12,50).

Graag tot ziens in Soest op zaterdag 25 november en zondag 26 november!


Kijk voor meer informatie over dit evenement en het aanmeldformulier op www.kawasaki.nl 

Tuesday, 14 November 2017

KessTech Sound at the touch of a button

KessTech Sound at the touch of a button 
 New design for the handlebar switch 


KessTech is passionate to push and push further the technical development of our exhaust systems. Additionally, we also search for ideas to improve the design of our systems. What’s new from now on: For all KessTech ESE systems there is a new handlebar switch on which the typical KessTech logo is shown. Therefore, „KessTech Sound at the touch of a button“ is no longer just audible but also visible on the handle bar switch. 

All ESE systems, that will be ordered from 6th November 2017 will be equipped with the new handlebar switch.   


Feel the Sound. 


About KessTech 
 KessTech is today the market leader for electronically adjustable muffler sound systems with an EC type approval for Harley-Davidson and BMW motorbikes in Europe. The highly motivated and highly specialized employees at the Obertheres location in Germany develop and produce the premium systems. With now over 40.000 systems sold KessTech has made a significant name for itself in the scene, and its product range is constantly growing. 
  
Visit www.kesstech.de/en for more information

KessTech Sound met een druk op de button 
Nieuw design voor de button 



KessTech is gepassioneerd om de technische ontwikkeling van onze uitlaatsystemen verder door te zetten. Daarnaast zijn we altijd op zoek naar ideeën om het ontwerp van onze systemen te verbeteren. Wat is er nieuw vanaf nu: voor alle KessTech ESE systemen is er een nieuwe knop ontworpen met daarop het typische KessTech logo.  Daarom is ‘KessTech Sound met een druk op de knop’, niet meer alleen hoorbaar, maar ook zichtbaar op de knop op het stuur.  Alle ESE systemen, welke vanaf 6 november 2017 zullen worden besteld, worden uitgerust met de nieuwe button. 

Feel the Sound. 


Over KessTech 
Vandaag de dag is KessTech de marktleider op het gebied van elektronisch regelbare uitlaatsystemen met een Europees keurmerk voor Harley-Davidson en BMW motoren in Europa.  

De zeer gemotiveerde en hoog gekwalificeerde werknemers ontwikkelen en produceren de premium systemen in Obertheres in Duitsland. Met meer dan 40.000 verkochte systemen heeft KessTech een niet weg te denken naam opgebouwd in de markt en heeft daarbij een nog steeds groeiend productassortiment.  

Bezoek www.kesstech.de/en voor meer informatie. 



Ducati Panigale V4 door het publiek van EICMA 2017 verkozen tot 'Most Beautiful Bike of Show'

Ducati Panigale V4 door het publiek van EICMA 2017 verkozen tot 'Most Beautiful Bike of Show' 

Ducati Panigale V4 S

Ducati Panigale V4 Speciale at EICMA 2017

61,17% van de stemmers kozen de nieuwe Ducati superbike als 'koningin' van de show
Dit is de 13e keer dat deze populaire verkiezing werd gehouden en de negende keer dat Ducati heeft gewonnen
Nieuw record bezoekersaantal zorgt voor succesvolle 75e editie van de EICMA

Desmosedici Stradale Engine and 
Ducati Panigale V4 Speciale at EICMA 2017

Stand Ducati at EICMA 2017

13 november 2017, Milaan (Italië) - De Ducati Panigale V4 heeft de titel 'Most Beautiful Bike of  Show' gewonnen tijdens de Eicma 2017. Ondanks de zware concurrentie van een groot aantal nieuwe motorfietsen, won Ducati deze dertiende editie van de verkiezing "Stem en win de meeste mooie motorfiets van de show." De verkiezing, georganiseerd door het Italiaanse tijdschrift Motociclismo, werd voor de negende keer gewonnen door Ducati.

Pierfrancesco Caliari (EICMA General Director), 
Federico Aliverti (“Motociclismo” Director) 
and Julien Clement (Senior Designer at Ducati Design Center and Panigale V4 Designer)

Meer dan 16.000 enthousiastelingen selecteerden de Panigale V4 als hun eerste keus, waardoor het de populairste motorfiets is onder zowel de EICMA bezoekers als de bezoekers van de website van Motociclismo. De nieuwe Ducati superbike won met een aanzienlijke marge van 61.17% van het totale aantal stemmen.

Ducati Panigale V4 S and Claudio Domenicali - 
AD Ducati Motor Holding - at EICMA 2017

Op de laatste dag van de beurs, op zondag 12 november, nam Julien Clement, Senior Designer van het Ducati Design Center en Panigale V4 project Designer de prijs in ontvangst namens Ducati. De award uitreiking was het laatste hoogtepunt van een intensieve beursweek. De EICMA trok meer dan 600.000 bezoekers, dit is een stijging vergeleken met 2016 en een bevestiging van de positieve trend in de motorfietssector.



GRATIS TOEGANGSBEWIJZEN VOOR CUSTOMBIKE2017

GRATIS TOEGANGSBEWIJZEN VOOR CUSTOMBIKE2017 
1,2 en 3 december 2017 Bad Salzuflen, Duitsland.

Dit is je kans om twee gratis kaartjes voor de 
Duitse Custom Bike Show ‘CUSTOMBIKE2017’ te bemachtigen! 


Beantwoord de vraag: 
Waarom wil jij zo graag naar CUSTOMBIKESHOW 2017? 

En hoor jij bij een van de tien de gelukkigen die twee kaartjes winnen, 
dan willen we een selfie van jou die je maakt bij CUSTOMBIKE2017 en gelijk naar ons mailt!


Stuur je antwoord naar onno@madnessphotography.nl en hoor jij bij een van de tien gelukkigen, dan krijg je daar eind volgende week bericht over. 
De kaartjes worden naar je opgestuurd.


Sunday, 12 November 2017

SHOEI NEOTEC II  ‘MULTITALENT´

SHOEI NEOTEC II
‘MULTITALENT´

Alweer eind 2011 presenteerde Shoei de Neotec, een hoogwaardige systeemhelm met tal van innovatieve eigenschappen. Zo is de helmschaal zo ontworpen dat er ruimte is voor een geïntegreerd zonnevizier, zonder dat dit ten koste gaat van de beschermende eigenschappen van de schaal. Een zeer doordachte helm die in tal van vergelijkingstesten dan ook altijd als één van de beste, zo niet de beste, uit de bus kwam. Maar wat goed is, kan altijd beter!


Maak kennis met de nieuwe Shoei Neotec II, die voortborduurt op de solide basis van zijn voorganger en op tal van punten is doorontwikkeld. De buitenschaal, gemaakt van een sterke multilayer AIM glasvezelcomposiet (in drie maten), is voor optimale aerodynamische eigenschappen qua design verder verfijnd en voorzien van verschillende (kleine) spoilers (o.a. aan de onderzijde van het kinstuk), die de lucht nog beter geleiden. Voor een optimale afdichting tegen en afvoer van regenwater kreeg de Neotec II het nieuwe, optisch uiterst zuivere CNS-3 vizier (standaard  geleverd met Pinlock® anti-condens vizier), en ook het ventilatiesysteem met twee in- en twee uitlaat openingen is flink herzien.

Naast de buitenkant kreeg het uitneem- en wasbare interieur eveneens een upgrade, waarbij met name de akoestische eigenschappen van de helm naar een hoger plan zijn getild. Dankzij nieuwe wangkussens met de zogenaamde ‘noise isolater’ is de Neotec II ten opzichte van zijn voorganger namelijk nóg stiller geworden. Een andere nieuwe feature betreft de voorbereiding op een speciaal Sena intercomsysteem. Het bedieningspaneel van het systeem schuif je heel eenvoudig in een speciaal slot waarna het perfect geïntegreerd in de helmschaal zit en dus geen nadelige invloed op de aerodynamica heeft en/of vervelende ruis veroorzaakt. Verdere kenmerken van de Neotect II zijn onder meer een stevige rvs ratelsluiting van de kinriem, een praktische, goedbereikbare bediening van het geïntegreerde zonnevier en een met één hand te bedienen openingsmechanisme van het kinstuk.




De nieuwe Shoei Neotec II systeemhelm, verkrijgbaar in de maten XS tot en met XXL, is er in een breed spectrum aan kleuren, variërend van klassiek wit en (mat)zwart tot lekker sportief ogende graphic motieven. Prijzen variëren van € 599,00 voor de witte en zwarte variant  tot € 699,00 voor de graphic uitvoeringen.

Kijk voor meer informatie of andere Shoei producten op www.shoei-europe.com, of volg ons op Facebook.


HIGHLIGHTS SHOEI NEOTEC II

Buitenschaal:  - AIM multilayer glasfiber composiet
- helmschaal in drie maten (SX t/m M; L; XL t/m XXL)
- CNS-3 vizier
Interieur:  - uitneem- en wasbaar
  - wangkussens met ‘noise isolator’
Uitrusting: - stevig ratelsluiting
  - geïntegreerd zonnevizier
  - snelwisselmechanisme vizier
  - uitgebreid ventilatiesysteem
  - Pinlock-vizier (standaard meegeleverd)
Maten:  - XS t/m XXL
Prijs:  zwart en wit € 599,00
  metallic en matt kleuren € 629,00
  graphics € 699,00