Exited
Dymag
Dymag is a pioneering designer and manufacturer of carbon hybrid automotive wheels.
£8.8m
TOTAL INVESTMENT
Southwest England
LOCATION
High-Performance Wheel Manufacturer
SECTOR
December 2018
INITIAL DEAL
Investments
£3.6m | 1st Investment - December 2018 |
£2.9m | 2nd Investment - September 2020 |
£1.5m | 3rd Investment - October 2021 |
£0.75m | 2nd Investment - December 2022 |
Overview
In 2018, Puma Private Equity invested £3.6 million of equity into Dymag Group, enabling the company to expand and relocate its operations. To enable it to grow further, Puma has made additional investments totalling £5.15 million from 2020 to 2022, bringing the total investment to £8.75 million. Puma Private Finance exited in August 2024.
About Dymag
Dymag has a highly experienced management team with long-standing sector expertise and knowledge of international automotive markets. It launched the first commercial carbon motorcycle wheel in 1996 and the first carbon hybrid car wheel in 2004. Having successfully expanded from motorcycle to car wheels, the company continues to grow its presence in the aftermarket and original equipment manufacturer (OEM) channels, working with strategic regional aftermarket partners and several of the world’s leading-performance OEMs.
Dymag’s objective is to become the foremost producer in its market and to position Dymag as the technology of choice, available worldwide. The company’s growth plans are underpinned by the automotive sector’s desire to utilise carbon wheel technology to improve efficiencies. Through our initial funding, the company was able to expand and relocate its operations – increasing its design and production capabilities and positioning the business for further growth. Our latest investment will help it to amplify this growth, accelerate development of its product pipelines and continue to innovate its manufacturing processes to meet fast-growing demand.
Exit
Puma Private Equity exited the firm in August 2024 following Dymag’s acquisition by Dymag Technologies Ltd, a new wholly owned subsidiary of BORBET GmbH, a German-based global manufacturer of light alloy wheels.
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