Aston Martin F1 team gets investment from PE firm Arctos

Published by
Reuters UK

By Anousha Sakoui (Reuters) – The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. Owner Lawrence Stroll has sold his stake in the team for 1 billion euros ($1.09 billion) to Arctos, a person with knowledge about the matter told Reuters. “They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects,” Executive Chairman Stroll said in a statement. The F1 team is sponsored by the eponymous British luxury carmaker in which Strol…

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