- Vittoria is a producer of performance bicycle tyres and related accessories
- Telemos will invest alongside Vittoria’s senior management team and Wise Equity
- Wise Equity acquired a 100 percent stake in Vittoria in 2020
Telemos Capital bought a majority stake in Vittoria, a producer of performance bicycle tyres and related accessories. Wise Equity, which bought a majority stake in Vittoria in 2020, invested alongside Telemos and Vittoria’s management team.
Brembate, Italy-based Vittoria manufactures bicycle tires, with an annual production of more than 7 million tires and 900,000 high performance tubulars and cotton tires. In 2015, the company launched the only tyres in the world with graphene and, according to Vittoria, it has partnered with some of the “most important” pro-teams in the world.
Telemos plans to aid Vittoria’s international expansion and the development of its products, services and channels. Vittoria will continue to invest in sustainability, innovation and research and development.
“We are strong believers in the consumer trends at play in the cycling and broader outdoor categories and are impressed by Vittoria’s achievements to date,” said Jacob Polny, chief investment officer of Telemos Capital.
London-based Telemos Capital is a European mid-market private equity investor.
Wise Equity, headquartered in Milan, targets small and medium-sized Italian companies.