MADRID (BRAIN) — Rotor Bike Components has entered a new partnership with the Spanish private equity firm ProA Capital. The company said the agreement with ProA will "consolidate investment and provide growth capital for Rotor's ambitious business plan. Co-founders Pablo Carrasco, director of research and development, and Ignacio Estellés, president, along with CEO José Manuel Banqueri, remain principal shareholders and company leaders."
"The partnership with ProA will allow us to create new projects and exciting patents, which is the dream of any entrepreneur," Carrasco said.
"Our challenge is to keep bringing innovation to the cycling experience," said Banqueri. "The entry of ProA Capital as shareholder will allow Rotor to face this challenge with enough resources by investing accordingly in order to manage the growth and to deliver the best products to our consumers."