PE Deals

Wise Equity exits stake in Tatuus Racing

Tatuus Racing designs & produces single-seater racing cars for junior categories within F1 and Indy Car pyramids.

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  • The Equity Club, via SPV TEC Racing, will acquire a majority stake in Tatuus
  • Wise Equity invested in Tatuus in 2017
  • Wise Equity is a private equity fund manager based in Milan, Italy

Wise Equity has agreed to sell its stake in Tatuus Racing, a company that designs and produces single-seater racing cars for junior categories within F1 and Indy Car pyramids.

The Equity Club (TEC), via SPV TEC Racing, will acquire a majority stake in Tatuus.

Tatuus is based in Milan, Italy.

Wise Equity invested in Tatuus, via Wisequity IV fund, in 2017.

Tatuus has quadrupled its revenues, exceeding €40 million in 2022 with more than 70 percent of turnover generated abroad across over 30 countries. Under Wise Equity’s ownership, Tatuus made two add-on acquisitions. In 2017, Tatuus acquired Autotecnica Motori, followed by Breda Racing in 2018. The Italian companies are headquartered in Casalmaggiore and Villafranca Padovana, respectively.

TEC Racing’s investment will enable Tatuus to invest more in technology, innovation and performance, according to a release.

“The company has achieved significant growth by strengthening its leadership and is now well positioned to seize future opportunities,” said Fabrizio Medea, Wise Equity’s senior partner.

Tatuus is the ninth investment carried on by TEC.

Wise Equity and Tatuus were advised by Philippe Hottinguer Finance, Simmons & Simmons, KPMG and Spada & Partners.

TEC is a club deal initiative with the aim of creating a flexible private capital platform.

Wise Equity is a private equity fund manager investing in small and medium sized companies with a focus on Italy. The firm is based in Milan, Italy.