Tyrefix acquired by Citira

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.