# PM & Partners SGR acquires majority stake in CyTech Group

PM & Partners SGR private equity fund entered as majority shareholder of CyTech Group, parent company of Elastic Interface. Founders Marino De Marchi and Stefano Coccia will retain minority stakes.

- Type: Acquisition
- Announced: 2021-04-02
- Where: Italy
- Status: completed
- Products: cycling pads, cycling gloves, Palm technology for cycling gloves
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [PM & Partners SGR](https://endata.com/companies/54219.md) (acquirer)
- [CyTech Group](https://endata.com/companies/54220.md) (target)

## Sources

- [elasticinterface.com](https://www.elasticinterface.com/en/magazine/cytech-pm-partners-sgr/), 2021-04-01: "The acquisition project was created with the aim of further developing our company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.