Investindustrial acquires Morgan

Financial details of the transaction remain undisclosed, though Investindustrial stated that it used a separate fund from Investindustrial V that followed a different strategy. The business generated a net profit of £3.2m from revenues of £33.8m in 2018, according to the statement.

The GP has taken a majority stake in Morgan, with management and all employees taking a minority stake for the first time in the company's history, and the Morgan family also retaining a minority shareholding.

Under its new ownership model, the company will look to increase the pace of new product development, expand its international distribution network and increase its focus on showcase events.

The deal comes five months after Investindustrial portfolio company and luxury car-maker Aston Martin Lagonda floated on the London Stock Exchange with a market cap of £4.33bn.

The transaction is subject to regulatory approval and is expected to complete in April 2019.

Company
Founded in 1909 and headquartered in Malvern, Worcestershire, Morgan is a manufacturer of hand-built sports cars with traditional designs. The business sells around 700 cars per year.

People
Investindustrial – Andrea Bonomi (founder, managing principal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom
• Investindustrial