Aston Martin has sold a minority stake to investment firm Arktos Partners, as announced on the eve of the Las Vegas Grand Prix.
The Aston Martin Aramco Cognizant Formula 1 Team today announced that it has entered into an agreement to invest in the team through Arktos Partners (“Arktos”), a private investment firm with extensive experience in investing in sports. As part of this new partnership, the company’s first in Formula 1, Arctos will provide the Aston Martin Aramco Cognizant Formula 1 Team with extensive knowledge of the sports industry and a strong network of influencers, supporting the team’s continued growth. support.
The deal, announced on the eve of the Las Vegas Grand Prix, confirms the growing appeal of the Aston Martin Aramco Cognizant F1 Team, especially at a time of unprecedented growth and popularity for F1 in the United States. This will result in Arctos acquiring a minority stake in the team’s holding company, AMR Holdings GP Limited (“AMR”). The investment in the Aston Martin Aramco Cognizant Formula One team is expected to be completed by the end of the year. Arctos is the first and only professional investment platform approved to invest in multiple franchises across MLB, NBA, MLS, NHL, European Soccer, and other sports.
Arktos brings strategic strength, deep ties to the sport and key insight to the Silverstone-based team as they make rapid progress in F1. In the coming months, the team plans to complete the state-of-the-art AMR technology campus with the opening of a new wind tunnel and additional technology facilities. This is an important milestone for the team to move forward positively towards establishing itself at the top of the world. grid.
Lawrence Stroll, Executive Chairman of the Aston Martin Aramco Cognizant Formula 1 Team, said: “We are pleased to welcome Arctos Partners as the new partner and minority shareholder of the Aston Martin Alam Cocognizant Formula 1 Team.
“As an investor in several major sports franchises, Arctos brings extensive industry knowledge and is delighted to have Aston Martin join such a prestigious portfolio.” Achieved a podium finish and the highest points score. We have achieved great success, but our shared ambitions are even greater.
“Arktos recognizes the potential and value of this project as we continue to build a world-class F1 team.” They share our vision for an ultra-luxury brand and this I am very passionate about sports and its future. We are investing in our infrastructure, people and processes, and now is the perfect time to leverage Arctos’ operational expertise and strategic experience to create deep strength. Together, we will continue to move this team forward and build a better, more successful future. ”
Doc O’Connor, Managing Partner of Arktos Partners, said: “We are looking forward to working with the Aston Martin Aramco Cognizant Formula One Team and see this opportunity as the beginning of a long-term commitment.” Partnership with Lawrence and the entire organization . This investment is consistent with our strategy to focus on supporting leading sports brands in North America and Europe.
“We provide a wide range of resources, including industry intelligence from our proprietary quantitative research and data science platform, to strengthen the Aston Martin Aramco Cognizant Formula One Team’s reach and brand.” Aston The Martin Aramco Cognizant Formula One Team is a top-class name in Formula One, one of the fastest growing sports in the United States, and we are truly excited to join Lawrence and his team in the sport. I am. ”
Raine Group acted as exclusive financial advisor to the Aston Martin Aramco Cognizant Formula One team team.
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[Note: Story corresponds to press release]
