Announced
Completed
Financials
Tags
Acquisition
Italy
Tires
automotive components
Friendly
Majority
Cross Border
Private
Private Equity
Single Bidder
Completed
Synopsis
Telemos Capital, a mid-market European private equity investment firm, completed the acquisition of a majority stake in Vittoria, a manufacturer of performance bicycle tires. Telemos will invest alongside Vittoria’s senior management team and Wise Equity. Financial terms were not disclosed. “In Vittoria we are committed to make the most advanced bicycle tyres on the planet, to deliver the best riding experiences to cyclists of all kinds. The support of Wise Equity has been fantastic over the last years and we are very pleased that Telemos - with all its relevant experience in growing global brands - is now joining us on the ride," Stijn Vriends, Vittoria Chairman & CEO.
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