Arctos Partners Invests in F1 Team, Valuing It at $1.09 Billion
The investment marks a successful season for the team, following a similar investment in F1 rivals Alpine earlier this year.
- U.S.-based private equity firm Arctos Partners has bought a minority shareholding in the Aston Martin Formula One team, valuing the racing team at around $1.09 billion.
- The investment firm Arctos has existing investments in various sports teams in the U.S. and Europe, including the Golden State Warriors, Houston Astros and Liverpool Football Club.
- Lawrence Stroll, the owner of the Aston Martin road car company, expressed his excitement about the investment, stating that Aston Martin will be joining a prestigious portfolio.
- The Aston Martin F1 team has had its most successful season since Stroll took ownership, with eight podium finishes.
- The deal follows a $218 million investment in F1 rivals Alpine in June this year, which valued that team at over $900 million.