P1racenews AI automatic summary:
Aston Martin F1 team is anticipated to be on the verge of receiving substantial new investment, through two new partial owners, an investment firm and a venture capital fund.
The Aston Martin F1 team is poised to welcome two new partial owners, as a deal is on the verge of being finalized, with HPS Investment Partners and Accel likely to inject hundreds of millions of pounds into the team’s holding company. This transaction could potentially elevate the F1 team’s value to a range between £1.5 billion and £2 billion, even though its holding company’s share price has plummeted by more than half over the past year. HPS Investment Partners manages approximately $115 billion in assets and is gearing up for a listing on the New York Stock Exchange with a projected value exceeding $10 billion. On the other hand, Accel, known for investments in tech giants like Facebook, Spotify, and Deliveroo, is also associated with Mercedes F1 team sponsor Crowdstrike. Lawrence Stroll, the majority owner of the Aston Martin F1 team, had sold a fraction of his stake to Arctos Partners last year, and now this new sale might result in the two firms collectively acquiring a substantial portion, estimated at 20% to 25%, of the team’s parent company. Aston Martin entered the F1 scene in 2021, taking over the Racing Point team, and Stroll has been actively investing in the project, including the inauguration of a cutting-edge factory that features its wind tunnel, which recently commenced operations. Furthermore, reports suggest that renowned car designer Adrian Newey will be joining the team in the upcoming week, adding to the exciting developments within the Aston Martin F1 setup. It’s important to note that this article serves as a report and does not offer any investment advice or guidance and should not be interpreted as such.
