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TMR Team | May, 02 2013 | 0 Comments

Aston Martin has finalised its new partnership with Investindustrial, securing a crucial capital increase for the British carmaker.

The Italian private equity fund has bought a 37.5 percent stake in Aston Martin, taken from Investment Dar's 64 percent stake.

The deal gives Aston a 186 million euro (AU$228m) capital increase, and the fund will also inject a further AU$570 million over the next five years.

“Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry,” Aston Martin Chairman David Richards said in the statement.

The news follows Investindustrial's sale of motorcycle brand Ducati to Audi for 860 million euros (AU$1.05b).

Andrew Bonomi, Investindustrial Chairman, said the fund plans to “achieve a similar transformation and rejuvenation that we achieved with Ducati, by expanding the model range and strengthening the dealership network".

Investment Dar will remain a major shareholder in Aston Martin.

“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," Investment Dar Chairman Adnan Al-Musallam said.

The Kuwait-based company led a group of investors in the purchase of Aston Martin from Ford in 2007, at a price of 503 million pounds (AU$768m today).

Since the purchase from Ford, Aston Martin is one of the few global luxury and supercar brands that does not belong to a larger group - a position which has hampered the marque's technology development.

Investindustrial's capital injection will kickstart Aston's development of new platforms, but reports suggest the tie-up could also bring a technical arrangement with Daimler AG that could provide Aston Martin with vital access to Mercedes-Benz and AMG technology.

 
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