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Hazlewoods tax team has advised Xtrac Ltd on its sale to private equity firm MiddleGround Capital.
Xtrac is a market-leading manufacturer of transmissions systems for the motorsport and high-performance sectors.
The business supplies most of the world’s top motorsport teams including teams in Sportscar racing, NASCAR and Formula 1.
Xtrac is also at the forefront of hybrid and electric vehicle developments and the sale will further accelerate its expansion into the high-performance hybrid and EV market.
Tom Woodcock, Hazlewoods tax partner, said: ‘’Many congratulations to Xtrac, it has been a pleasure working alongside the whole company and their management team. We look forward to continuing our long-standing relationship through their next stages of growth.’’
