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.