By Claire West
Warwickshire-based car maker Aston Martin sells stake in business to Italian private equity firm Investindustrial
Aston Martin welcomes Investindustrial as a major shareholder and confirms that it will now proceed with its extensive and exciting plans for sustainable long-term growth.
Aston Martin Chairman David Richards said: “I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of The Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers.
Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans.”
Investindustrial is investing £150m in Aston Martin in the form of a capital increase for a 37.5 per cent stake in the company.
Aston Martin intends to invest more than half a billion pounds in its new product and technology programme over the next five years. With the support of The Investment Dar and Investindustrial, the company is well positioned to realise its ambitious growth strategy.
Aston Martin production will remain at the luxury British marque’s global headquarters at Gaydon in Warwickshire, a purpose-built facility where a skilled workforce of 1600 employees assemble the current range of sports cars.