Tyrefix acquired by Citira
Context
Backed by institutional capital from the Nordic private equity investor Norvestor, Citira AB signs a definitive agreement to acquire Tyrefix Group from its historical financial sponsor, Literacy Capital plc. Announced on January 20, 2026, this cross-border transaction officially orchestrates the complete exit of Literacy Capital plc following a five-year investment cycle that commenced in 2020. The execution of this secondary buyout facilitates a major geographical expansion for the acquiring entity, marking Citira AB's inaugural entry into the United Kingdom market. The structural mechanics of the divestiture generate exactly £14.7 million in cash proceeds for the exiting shareholder. According to official performance metrics released by Literacy Capital plc and its Investment Director Jesse Portner, this liquidity event represents a 59 percent premium to the asset's reported carrying value, crystallizing a 2.5x money-on-money return alongside an internal rate of return of 25.0 percent. During the preceding holding period, the selling fund deployed follow-on capital to support an aggressive buy-and-build strategy, financing two external corporate acquisitions and launching two distinct organic revenue streams. This programmatic expansion successfully doubled the target's total revenue profile prior to the sale.
Tyrefix, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].
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Target
Specialist in on-site off-highway tyre servicing, Tyrefix Group coordinates tyre repair and replacement solutions specifically engineered for the heavy plant market. Initially founded in 1984 around a decentralized franchise model, the business subsequently internalized its regional branches to establish a fully unified corporate infrastructure. Operating from its central headquarters located in Ibstock, the enterprise functions as the sole national provider capable of delivering specialized off-road tire maintenance across the British territory. The operational framework relies on an extensive geographical footprint comprising exactly 20 dedicated service locations distributed throughout the United Kingdom. To execute rapid-response mobile maintenance and systematic fleet inspections, the organization maintains a specialized workforce encompassing approximately 160 directly employed staff members. Through this highly centralized dispatch architecture, the company systematically supports a diverse commercial portfolio counting exactly 1,500 active customers in infrastructure and industrial operations. By maintaining a singular focus on specialized industrial vehicles, the firm guarantees high-availability structural support for off-highway commercial fleets.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (GBP)
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|---|---|---|---|---|
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| 11/2024 | UI INVESTISSEMENT | ANTARES DIFFUSION | FRANCE | Aftermarket & Repair |
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REFERENCES
Revenue range: REV 1m GBP - 100m GBP
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Tyrefix by Citira are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: tyrefix
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