The UK-based team and the watch brand joined forces for 2023 with a multi-year title sponsorship deal, renaming the outfit Invicta Virtuosi Racing and establishing a new working relationship between the parties.
But Invicta has now purchased a stake in the team, which will adopt its yellow and black branding from the start of the 2024 season.
The team will field 2023 Formula 3 champion Gabriel Bortoleto and Alpine Academy driver Kush Maini next season.
McLaren junior Bortoleto will step up to F2 for his rookie season, while Maini moves to the team from Campos Racing.
Invicta has won 18 races in the past five years in the series, with three consecutive runners-up finishes in the teams’ standings from 2019 to 2021 in its previous iteration as UNI-Virtuosi.
It won the inaugural F2 teams’ title in 2017 as Russian Time, with which it began its collaboration in GP2 in 2015.
It finished fifth in 2023, with Alpine Academy driver Jack Doohan third in the standings after winning three races.