Entry Point:

• Manufacturer of off-road motorbikes, 15-time World Champions, as well as designer and manufacturer of accessories.
• Opportunity to expand and develop a successful business, exporting to over 40 countries.
• Initial investment of €8.6 million in October 1999 (36% ownership)

Value creation:

• Growth in revenue from €14.1 million in 1999 to €75 million in 2005, reaching an EBITDA of €7 million by 2005.
• Growth in sales from 7,000 motorbikes sold in 1999 to 14,000 in 2005.
• New team, new facilities (moved from laboratory to assembly line), increasing the range of products (focus on R&D), diversified sales, launch of 4 new product lines and a new range of four-stroke engines as well as new information systems and internal procedures.
• Leader on the market for trials motorbikes.