Wise's Tatuus acquires Autotecnica Motori

Amedeo Goria
16 November 2017

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Backed by Italian private equity firm Wise, Tatuus Racing has acquired racing motors business Autotecnica Motori to build up its motorsport platform.

Tatuus acquired an undisclosed stake in Autotecnica alongside the management team, which will continue to lead the business at completion of the transaction.

The deal follows the GP's acquisition of Italy's Tatuus Racing in February 2017 via its fourth fund, Wisequity IV, and aims to build up a partnership between the two businesses to create a motorsport-dedicated platform. According to a statement, further acquisitions might follow in the coming months.

According to press reports, sports car manufacturer Tatuus generated €9.8m in revenues and €1.9m in EBITDA in 2016.

Wisequity IV hit its €215m hard-cap in March 2016 after six months on the road and currently has five portfolio companies: Corob, Imprima, Tapì, Tatuus Racing and Aleph.

Previous funding
Wise acquired a majority stake in Tatuus in February 2017, while the company's founders retained a minority holding.

Company
Founded in 1977, Autotecnica designs, manufactures and tests racing motors. The business is headquartered in Casalmaggione, near Cremona, and employs approximately 20 people.

People
Wise – Fabrizio Medea (partner); Marco Mancuso (investment manager).
Autotecnica Motori – Giovanni Delfino (chair, CEO).

Advisers
Acquirer – Simmons & Simmons, Andrea Accornero, Moira Gamba, Alessandro Bonazzi (legal); Spada Partners, Luca Guarna, Andrea Moretta (financial due diligence, tax).
Vendor – LCA Studio Legale, Antonio Fiorentino Martino, Edoardo Calcaterra (legal).