BIC Capital supported a group of investors in the acquisition of a 70% stake in OTK Kart Group, through a 50/50 JV with investors supported by QCapital
Key Facts
- OTK Kart Group is a family-owned, Italian manufacturer, worldwide leader in the motorsport vehicles (go kart) and components production
- Founded in the early ‘60s, has a long-standing history of remarkable successes
- With state of the art production plants in Prevalle (Brescia), OTK Group is by far the global leader in the manufacturing of racing go karts and the only player with a full control of the entire value chain for both chassis and engines
- Outstanding winning palmarès, counting more than 20 worldwide global titles won by its racing team competing under the name of Tony Kart Racing Team
- Today, the Group sells its products through a top tier 1 distribution network, which covers 71 countries in 5 continents, with more than 130 dealers
- Strong relationships with F1 drivers and stable partnership though the years with Ferrari Driver Academy
- In 2021 OTK Group registered more than €30m revenues and ca. €6m EBITDA
Key value creation pillars
- Continue to strengthen organization to support the ambition of the expansion plan in foreign countries
- Enter the leisure market with both electric and traditional karts
- Expand the production plant to support and expedite more the distribution of an increasing demand of both chassis and engines
- Opportunistic and strategic M&A approach
