Aston Martin F1 sells part with a valuation of more than one billion

Although exact figures have not been revealed, Aston Martin Racing has reported in advance of the inaugural Las Vegas Grand Prix that Close Partners has acquired a “minority stake in AMR Holdings GP Limited, the team’s holding company.” The transaction is expected to close by the end of 2023.

According to the newspaper Financial Times, this investment values ​​the F1 team at a total of 1 billion pounds (about 1.2 billion dollars). Previously this year, Alpine sold a 24% stake in its F1 team to a consortium – which included actors and Wrexham AFC owners Ryan Reynolds and Rob McElhenney – giving the Enstone team a value of £725m.

Arctos Partners will bring Aston Martin “deep knowledge of the sports industry and a strong network of influential relationships to support its continued growth.” In August, it was reported that the private equity firm was also working to take a minority stake in French top-flight soccer club Paris Saint-Germain.

The owner of the equipment, Lawrence Strollsaid: “I am delighted to welcome Arctos Partners as a new partner and minority shareholder of the Aston Martin Formula 1 team.”

“As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am delighted to have Aston Martin join such a prestigious portfolio.”

“The team has enjoyed tremendous success this season with eight podiums and our highest points haul as a team, but our collective ambition is greater.”

“Arctos sees the potential and value in this project as we continue to build a world-class Formula 1 team.”

“They share our vision for our ultra-luxury brand and are passionate about the sport and its perspectives.”

“We are investing in infrastructure, people and processes, and this is the perfect time to reinforce ourselves with the operational and strategic experience of Arctos.”

“Together, we will continue to drive this team forward and build an even brighter and more successful future.”

The future of the Aston Martin F1 team has been the subject of speculation in recent weeks, with the most noise surrounding whether Stroll is exploring a full sale of the outfit he bought in 2018 (then called Force India, renamed Racing Point) and renamed then as Aston Martin in 2021.

However, Arctos Partners sees this as the start of a “long-term partnership” with Stroll.

Doc O’Connormanaging partner at Arctos Partners, said: “We are looking forward to collaborating with Aston Martin and see the opportunity as the beginning of a long-term partnership with Lawrence and the entire organization.”

“This investment is consistent with our company’s strategy, which is focused on supporting leading sports brands in North America and Europe.”

“We will provide extensive resources to enhance (the team’s) reach and brand, including industry intelligence from our proprietary data science and quantitative research platform.”

Aston Martin, which moved into its new £200m Silverstone factory earlier this year, is battling McLaren for fourth place in the 2023 constructors’ championship.

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