PM&Partners sells Cytech S.r.l. to Röko AB after successful growth phase
PM&Partners has successfully completed the sale of Cytech S.r.l., a global leader in the design and manufacture of high-performance cycling pads, to Röko AB (publ), the Swedish permanent capital investment company listed on Nasdaq Stockholm.
Since PM&Partners’ investment in 2021, Cytech has strengthened its global leadership through continued investments in innovation, international expansion and strategic acquisitions, including PasaSport, while doubling its revenues to nearly €30 million.
The transaction represents the first exit of PM&Partners III and demonstrates PM&Partners’ strategy of partnering with entrepreneurs and management teams to build international leaders through strategic investments, operational improvements and selective acquisitions.
PM&Partners was advised by William Blair as financial advisor, PedersoliGattai as legal advisor and legal vendor due diligence advisor, OC&C Strategy Consultants for commercial vendor due diligence and KPMG for financial and tax vendor due diligence.
With Röko as its new owner, Cytech is positioned to continue its international growth journey and further expand its leading position in the global cycling components market.
