Wisequity IV, a close-ended fund advised by Italian private equity firm Wise, has acquired a majority stake in race car chassis manufacturer Tatuus.

As part of the deal, Tatuus’ founders Gianfranco De Bellis and Artico Sandonà will remain shareholders in the company.

Over the last 15 years, Tatuus has produced more than 1,800 racing cars, collaborating with brands including Renault, Honda, Ford, Volkswagen and Mazda.

Many current Formula One drivers – including Hamilton, Raikkonen and Massa – have raced using cars produced by Tatuus.

“The transaction perfectly fits with Wise’s philosophy and strategy of identifying Italian SMEs that are leaders in their own segments,” Fabrizio Medea, a partner at Wise, said. “In Tatuus we found a combination of deep know how and passion that represents a real distinctiveness.”

The strategy of Wise and the founders is to internationalise the company, consolidate its position as preferred partner for federations and promoters in the junior categories, and complete add on acquisitions.

Earlier this month Wise acquired Tapì, a bottle cap manufacturer.

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