Announced
Financials
Tags
automotive
Acquisition
Majority
Private Equity
Friendly
formula racing
car racing
Italy
Automobiles
Domestic
Private
Pending
Single Bidder
Synopsis
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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