CyTech Group

Cytech, an Italian manufacturer of cycling apparel pads, has acquired a majority stake in Pasasport, a manufacturer of gloves and accessories for cycling and other sports. The acquisition aims to expand product offerings and international presence.

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.