Dymag secures £3.6m in private equity funding from Puma Investments to expand operations and accelerate product development.
The investment from Puma Investments will support international growth and manufacturing innovations.
British designer and manufacturer of advanced carbon hybrid wheels for automotive and motorcycle applications.
Carbon hybrid wheel manufacturer Dymag has secured £3.6m in private equity funding from Puma Investments. The capital will allow the company to scale its operations, accelerate product development, expand its manufacturing capacity, and create new roles to meet rising demand.
Dymag has a long history in lightweight wheel technology, having introduced the earliest commercial carbon motorcycle wheels in the late nineties followed by automotive variants in the mid-2000s.
Legal counsel for the transaction was provided by TLT, with corporate partner Jon Gill leading the advisory team alongside Bryan Shaw, Matthew Howells, and Mark Braude.
From the founder
"These are really exciting times for our business. We see significant opportunities to grow globally and to drive further innovation into our business, and the Puma Private Equity team has the expertise and passion to help us deliver that."
Chris Shelley
CEO at Dymag
Investor perspective
"We were delighted to support such an exciting British manufacturer as Dymag as it seeks to disrupt the global automotive market. The transaction demonstrates that, despite uncertainty with regard to Brexit, private equity firms remain keen to support innovative UK businesses as they look to expand internationally."
Jon Gill
Partner, TLT
Use of funds
- 01Grow the team
- 02Continue product development
- 03Scale operations