Shoosmiths helps leading automotive innovator step up a gear with MBO  

A team led by Manchester-based corporate partner Tim Jackson-Smith has advised on a major private equity investment deal at one of the UK’s leading automotive technology firms.

Working against a tight deadline, the Shoosmiths team supported the shareholders of Xtrac, a world leader in the design and manufacturer of high-performance transmissions for the motorsport and automotive industry, in the buyout deal with Inflexion Private Equity.

Xtrac, based in Thatcham, Berkshire, supplies most of the world’s top motorsport teams, from MotoGP to Formula 1. More than 80% of its revenue is generated through exports, particularly for high-performance automotive applications including hybrids and electric vehicles.

Inflexion’s investment supports Xtrac’s well-established management team, who are remaining to drive growth at the business. The investment will also help fuel Xtrac’s future expansion, supporting its rapidly-growing high-performance road car division and increasing its team of 330 in the UK and US.