While exact figures have not been disclosed, Aston Martin has reported on the eve of the inaugural Las Vegas Grand Prix that Arctos Partners has acquired a “minority shareholding in AMR Holdings GP Limited, the team’s holding company”. The deal is expected to close by the end of 2023.
According to the Financial Times, this investment values the team at £1billion. Earlier 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 - that equated to the Enstone operation being worth £725million.
Arctos Partners will provide Aston Martin with “deep sports industry knowledge, and a robust network of influential relationships to support its continued growth”. In August, the private equity firm was also reportedly working on securing a minority stake in topflight French football club Paris Saint-Germain.
Team owner Lawrence Stroll said: “I am delighted to welcome Arctos Partners as a new partner and minority shareholder in the Aston Martin Formula 1 Team.
“As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am thrilled that Aston Martin will be joining such a prestigious portfolio.
“The team has enjoyed tremendous success this season with eight podium finishes and our biggest points haul as a team, but our collective ambition is greater.
Source: Autosport