Aston Martin sell 37.5 per cent stake to former Ducati owner

Iconic British automotive firm Aston Martin have sold a stake of the company to the former Ducati owner, Investindustrial, in a deal worth £500 million of investment for the marque.

The Italian private equity firm has paid Aston £150 million for a 37.5 per cent stake in the sports car company and the agreement brings with it a £100 million a year product development programme for the next five years.

Up until late this week, it was believed that the Indian tractor firm Mahindra and Mahindra was the firm favourite to complete the deal with the Gaydon-based manufacturer, with their cash injection substantially higher than that of Investindustrial.

It was also rumoured that a potential deal with Investindustrial would bring with it a partnership with Mercedes’ AMG department, but in the end that has not come to fruition. However, the former Ducati owner – who sold the motorcycle company to Audi for $1.1 billion earlier this year – has significant contacts within the automotive world which Aston will look to get the most out of.

Investindustrial join majority shareholder Investment Dar and minority shareholders Dr Ulrich Bez and David Richards after committing to the deal and will take four of the nine board seats as a minority shareholder.

Aston Martin chairman, David Richards, said: “I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers.

“Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans.”

Andrea C. Bonomi, senior principal at Investindustrial, said: “We are looking forward to working with the management and Investment Dar to achieve a similar transformation and rejuvenation that we achieved with Ducati, by expanding the model range and strengthening the dealership network, throughout the world.”