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New Deal


Announced

The Equity Club to acquire Tatuus Racing from Wise Equity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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automotive

Acquisition

Majority

Private Equity

Friendly

formula racing

car racing

Italy

Automobiles

Domestic

Private

Pending

Single Bidder

Synopsis

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The Equity Club, an investment company, agreed to acquire Tatuus Racing, an Italian chassis manufacturer for a series of formula racing series, from Wise Equity, a private equity company. Financial terms were not disclosed. “There are milestones that mark the path of people and companies. Today’s is certainly one of them. I want to thank Wise for being our companion in this part of the journey: it has been six years marked by steady growth, under every aspect. Today Gianfranco De Bellis and I would like to welcome Roberto Ferraresi and all TEC’s investors, with whom we are confident that we can open another chapter in the Group’s history that will lead to important accomplishments,” Giovanni Delfino, Tatuus CEO.

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