After Pierer and his partners took over the bankrupt company in '92, they worked hard to build it up again, and took it public on the Vienna Stock Exchange in '96. But three years later Pierer and his partner Rudolph Knuenz decided, with the help of German private equity fund BC-Partner, to buy back the shares and take the company private again-the first time that had ever been done in Austria. Together, they bought back 99.7 percent of the stock, of which 51 percent is now owned by Pierer and Knuenz and, prior to the Polaris sale, 48 percent by BC-Partner. Now, Polaris owns half of the latter's shares and will purchase the balance should it decide to absorb KTM fully in 2007. If that deal goes through, it will create a company that, on the basis of present revenues, will be bigger than both Suzuki's and Kawasaki's entire motorcycle divisions.