RacingLine Group
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RacingLine Group - overview
Established
1997
Location
-, -, UK
Primary Industry
Business Support Services
About
RacingLine Group is a UK-based company specializing in high-performance automotive upgrades and motorsport management services, catering to a diverse clientele including blue-chip automotive manufacturers and enthusiasts. Founded in 1997 by Henrik Ojanotko, RacingLine Group operates in the automotive sector, focusing on high-performance upgrades and motorsport event management. The company is headquartered in the UK and has been involved in a significant deal where it was acquired by Euro Motorparts Group in September 2020. This acquisition reflects a strategic shift in the company's growth and market positioning.
RacingLine Group specializes in high-performance automotive upgrades, events, and motorsport management services, catering primarily to blue-chip automotive clients. The company’s core product offerings include RacingLine Performance Upgrades, enhancing Volkswagen Group performance vehicles, and MMR Performance, focused on BMW and Mini enhancements. These products are designed for motorsport enthusiasts and everyday drivers seeking improved vehicle performance and reliability. Additionally, the company provides a comprehensive Events division that orchestrates corporate automotive events, facilitating brand engagement and product activation globally across Europe, North America, and Asia.
RacingLine Group operates on a B2B model, engaging in direct sales and partnerships with automotive manufacturers and retailers. The company generates revenue through tailored contracts for motorsport management and bespoke corporate events, allowing clients to effectively engage with their audiences. Notable products, such as the RacingLine Performance Upgrades, provide significant value through enhanced automotive performance and brand positioning. The revenue model is structured around established relationships with automotive brands, ensuring consistent revenue generation through repeat business and long-term partnerships.
RacingLine Group plans to leverage recent funding from its acquisition by Euro Motorparts Group to develop and launch new high-performance products aimed at enhancing automotive capabilities. The company is targeting expanded market penetration in regions such as Asia and North America by 2023, focusing on building partnerships with local automotive manufacturers. The funding from the September 2020 deal will support these initiatives, facilitating product development and market entry strategies.
Current Investors
Euro Motorparts Group
Primary Industry
Business Support Services
Sub Industries
Engineering, Corporate Event Management, Automobiles, Other Vehicles & Parts, Logistics & Distribution
Website
www.racinglinegroup.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
RacingLine Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | RacingLine Group | - |
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