'New investors join Aston Martin in billion-dollar deal'
Rumors
- Ludo van Denderen
Performance-wise on the track, 2024 has not been a stand out year for Aston Martin, but in other areas, the team are doing well. The deal with Adrian Newey has been finalised, a new state-of-the-art factory has been commissioned and Fernando Alonso has been committed for the next few years. All this makes the Aston Martin F1 Team of interest to new investors. Sky reports that two global investors will buy a stake in the team.
Accel and HPS Investment Partners are said to be the two parties that, according to the British broadcaster, will in principel co-own AMR GP Holdings Limited, the F1 team's parent company, for the equivalent of €1.8 billion. This reportedly gives them 20% to 25% of the shares. As a result, by simple calculations one could find out what Aston Martin F1 is worth at least based on these companies evaluation; namely five (assuming 20% of the shares are bought) times 1.8 billion euros, and that is 9 billion euros.
Aston Martin shares acquired by US companies
According to Sky, there is an agreement with HPS to refinance the debt after the construction of the new Aston Martin F1 headquarters and factory at Silverstone on undoubtedly more favourable terms. HPS Investment Partners are a US company that manages around $115 billion in assets, while Accel are one of the giants in Silicon Valley's venture capital sector. Accel invested in Facebook, for example, at a time when it was still a small player.
The share sale has not yet been officially announced. That would happen next week, according to Sky. If the deal is completed, it will be the largest transaction Lawrence Stroll (co-owner) would have received for shares of the team.
This articles was written in collaboration with Kada Sarkozi
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