The firm sold 35 per cent of the company, which had recently recorded losses, according to a report in Expansion.com
Highgrowth invests in venture capital via its Highgrowth Innovació vehicle, aimed at SMEs located in Spain and the rest of the EU. The €15m fund looks to invest between €500,000 and €3m per deal.
In the report, CEO Isidor Terradas said the company had been hit by a downturn in the motorcycle space in Catalonia, with the closure of manufacturing facilities owned by Honda, Yamaha and Derbi.
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