Aston Martin has announced that the partnership with Italian investment fund, Investindustrial, has been completed successfully. Investindustrial now holds 37.5 percent equity in Aston Martin, and gives the British manufacturer a much needed fund injection of £150 million (€177 million).
With two other major shareholders – The Investment Dar and Adeem Investment in full support of the partnership, Aston Martin said the investment now allows the company to proceed with a significant new product development programme worth more than £500 million (€590 million) over the next five years. It forms the basis for the company’s growth strategy.
Aston Martin remains the only luxury car manufacturer not owned by a major global automaker since it was sold by former owner, Ford in 2007, to a consortium led by Prodrive chairman, David Richards, for £475 million.
Investindustrial’s portfolio included Italian superbike company, Ducati, until it was sold to Audi for €834 million last year, which earned the company 300 percent return on its original investment.
Despite this partnership, Aston Martin has stressed that the majority of its production will remain at its global headquarters at Gaydon in the United Kingdom.