Investindustrial buys stake in Aston Martin

[stevo6]

Investindustrial buys stake in Aston Martin

7 December 2012 in News by Real Deals. Permalink.

Investindustrial has won the battle for luxury UK carmaker Aston Martin, acquiring a 37.5 per cent stake in the company for €190m.

Founded in 1913, Aston Martin models have featured in 11 James Bond films over the last 50 years. Last year the company generated Ebitda of €101m on sales of €634m.

Aston Martin intends to invest more than €625m in developing new products and technology over the next five years. Investindustrial has a strong track record in the automotive space. Last year it sold Italian superbike maker Ducati to Audi. In the 1990s the firm invested in UK gearbox engineering firm David Brown (whose founder once owned Aston Martin, with his initials still used on a number of the car's models).

The deal gives Aston Martin an enterprise value of €940m.

[pajor91]

Can only be a bit of good news really. Good to see interest still for Aston, keep it going.

[PH lurker]

Cheers for the post.

[SV8Predator]

Main thread for this:

http://www.pistonheads.com/gassing/topic.asp?h=0&a...