Jamieson is delighted to announce that it has advised Adrian Moore (CEO), Stephen Lane (CFO) and the management team of Xtrac on the sale of the business from Inflexion to MiddleGround Capital (MCG), the acquisition of Xtrac is MGC’s first in Europe.
Xtrac is the leading global supplier of professional motorsport and specialized high performance automotive transmission systems across internal combustion engine, hybrid, and electric vehicles, providing in-house manufacturing as well as design and engineering services. The company supplies to many of the world’s top professional race teams and organizations, including teams in Formula One, Formula E, Sportscar and touring car racing globally, world rallying and off-road racing, IndyCar and NASCAR.
Adrian Moore the CEO of Xtrac said “The advice and the support that the team at Jamieson provided to management was exceptional. They were incredibly flexible, and acted with true professionalism at all times, with an eye on ensuring that the transaction completed for the benefit of all parties, whilst also ensuring that management were navigated through all of the key details”.