Cytech (backed by PM & Partners) acquired the majority of Pasasport
Cytech, located in the province of Treviso, with two additional plants in Mexico and Croatia, is the global leader in the production of protections for sport apparel, mainly cycling pads and gloves.
Since 2021 the majority stake is owned by private equity firm PM & Partners, which has been implementing an ambitious development plan, including a growth strategy by M&A.
The acquisition of Pasasport, headquartered in Villa Bartolomea (Verona), specialized in the design and contract manufacture of clothing accessories (mainly gloves and shoe-covers) mostly for sport (cycling as well as skiing, running & fitness), strengthens and increases Cytech leadership in the market. The transaction develops commercial and products synergies and allows to accelerate brand’s expansion in new markets and to diversify products’ offering.
Corus assisted Cytech and PM & Partners as financial advisor in the scouting process of potential targets, negotiation and in all stages of the acquisition of the majority of Pasasport.