Aston Martin has finally cleared the air when it announced earlier today that they have partnered with Investindustrial Holdings. Investindustrial will invest £150 million ($240.23 million or Rs 1,308.92 crores) in Aston Martin, in return, the investment fund of Carlo and Andrea Bonomi, gets 37.5% stake in the iconic British car brand.
Investindustrial is one of the largest investment groups, currently in Europe. Their combined assets under management is worth more than €3.0 billion ($3.8 billion or Rs 20,736 crores). Investindustrial says, “Our aim is to create long-term value by helping portfolio companies to accelerate international expansion and improve operational efficiency. In total the companies in the portfolio have approximately 42,000 employees and a manufacturing presence in 13 countries.”
Aston Martin aims on investing over £500 million ($800.6 million or Rs 4,361 crores) in the company over the next five years. This investment will majorly focus towards development of new products and technological advancements. Aston Martin has now the support of The Investment Dar and Investindustrial, with which they hope for a bright future and even better sports cars.
ASTON MARTIN ANNOUNCES NEW PARTNERSHIP WITH INVESTINDUSTRIAL
7 December 2012, Gaydon: 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.”
Andrea C. Bonomi, Senior Principal at Investindustrial, comments: “We are delighted to form part of this iconic global, but quintessentially British brand. 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.”
Adnan Al-Musallam Chairman & Managing Director of The Investment Dar said: “We welcome Investindustrial as new partners in our collaboration with Aston Martin. With our continued commitment and the support of Investindustrial, Aston Martin is in a strong position to pursue its plans for development.”
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..