New York and Cleveland private equity firm the Riverside Co. has acquired Y. International.

Tokyo-based Y. International is a bicycle retailer that has 29 stores in Japan. The company sells bikes, frames, components, accessories and apparel. Stores also offer maintenance and fitting services.

Riverside hopes to increase the company’s market share and widen its sales footprint outside of Tokyo.

Riverside vice president Hiroaki Wakashita and partner Toki Mori led the deal for the firm, with assistance from partners Simon Feiglin, Kiyo Nakano and managing partner Stu Baxter.

Tokyo Star Bank provided financing for the deal, and Nihon M&A Center provided financial advice to Riverside.

The buyer has recently invested in Arcos, a software-as-a-service company that develops products to assemble crews for power restoration projects. In October, the firm picked up Catalyst Awareness, which makes employee-awareness communications programs.

Riverside was named Mergers & Acquisitions Private Equity Firm of the Year for 2012.

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