Park is more expensive, so is pedro's.
I bought a pedros shimano bottom bracket set off chainlove.com that's been extremely handy - given that it was on chainlove it was discounted enough that I was fine with the price. I could maybe have bought nashbar brand or avenir brand for cheaper, but the pedros came with this really big wrench that's excellent for leverage. I've seen a more complete tool kit come up on chainlove every so often, but since you don't know if you'll see it before his birthday...
Sometimes amazon has good prices on pedros or parks tools. Avenir seems to be priced well on there as well.
I've sort of found that no matter how many tools I have, I invariably seem to run out and buy another one because somehow one of the ones I have doesn't work with whatever type of bottom bracket or crank I'm trying to pull out despite already having 3 crank extractors.
You don't really mention what sort of repairs he wants to do... Definitely he needs a set of allen wrenches. Some small screwdrivers for derailleur adjustments. Tire levers.
If he wants to start changing cassettes or cranks himself - then he does need a chain tool, a chain whip, and a cassette lock tool thing (whatever you call that tool that lets you unlock the lockring from the cassette and pull it off). These all seem to be fairly universal. If he wants to true his own wheels, a wheel truing stand is useful, as are spoke wrenches - again, which size spoke wrench he needs depends on which wheels he has, so a variety of these can be helpful.
Now depending on what kind of bikes he has and what age bikes he has, which bottom bracket tools or crank extractors he needs might vary.
this is a good starter kit:
http://www.backcountryoutlet.com/out...-Tool-Kit.html
If you use coupon code 38M-1-GGDSP, it will give you 50% off the MSRP on that kit, which will bring you under $100. They give free shipping on over $50, and they have a 100% satisfaction return policy, so return it whenever for whatever reason, and they'll return your money. If you go through live.com and use the cashback feature, I think they're currently giving 12% cashback for backcountry.com - so 60 days from now, they'll paypal you 12% of your purchase price.
I have this one, that's been really handy:
http://www.backcountryoutlet.com/out...train-Kit.html



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