Minority Stake in Aston Martin Sold to Italian Investor


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    Italian investment company Investindustrial has signed a deal to buy 37.5 percent of Aston Martin from Kuwaiti owner Investment Dar. | December 07, 2012

Just the Facts:
  • Italian investment company Investindustrial has signed a deal to buy 37.5 percent of Aston Martin from Kuwaiti owner Investment Dar.
  • Investindustrial is investing the U.S. equivalent of $241 million in Aston Martin in the form of a capital increase, Aston Martin announced on Friday.
  • Aston Martin said it intends to invest the U.S. equivalent of $800 million in its new product and technology program over the next five years.

LONDON — Italian investment company Investindustrial has signed a deal to buy 37.5 percent of Aston Martin from Kuwaiti owner Investment Dar.

Investindustrial is investing the U.S. equivalent of $241 million in Aston Martin in the form of a capital increase, Aston Martin announced on Friday. Investindustrial beat off competition from Indian automaker Mahindra and Mahindra, which was also negotiating for a stake in the famed British carmaker that has been linked to James Bond films.

Aston Martin said it intends to invest the U.S. equivalent of $800 million in its new product and technology program over the next five years.

Aston Martin also confirmed that production will remain at the luxury British marque's global headquarters in Gaydon, England.

Investindustrial is not a stranger to luxury car brands. In 2006, it bought Italian motorcycle maker Ducati and sold it to Audi earlier this year. Although Investindustrial has links with the AMG arm of Mercedes-Benz, no link is planned between the two companies.

Investindustrial's acquisition buys it four of the nine board seats, the others held by Kuwaiti's Investment Dar, Aston Martin Chairman David Richards and Aston Martin CEO Ulrich Bez.

"With the support of 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," said David Richards, Aston Martin chairman, in a statement.

"With this partnership and the continued commitment of Investment Dar, we look forward to working with our shareholders as we realize our vision and exciting future plans."

Investindustrial's Andrea C. Bonomi, a senior principal, said: "We are looking forward to working with the management and Investment Dar to achieve a similar transformation and rejuvenation that we achieved with Ducati, by expanding the model range and strengthening the dealership network throughout the world."

Edmunds says: The cash infusion certainly helps Aston Martin, but it still has to generate — or find — significant funds to realize its investment program — and it still has no direct link with a bigger automaker.

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