BTC revs up motorcycle market with $23M investment
February 25, 2016
Black Toro Capital has acquired Gas Gas for €9 million and combined the company with Torrot as part of an investment totaling €23 million in the two Spanish motorcycle and bicycle brands. The Torrot management team will lead the new entity, which will operate a single manufacturing facility but maintain two separate design and marketing strategies. The investment was made from Black Toro Capital Fund II, which has received $136 million in commitments en route to a $350 million target.