Investindustrial exits Aston Martin

The GP has sold its remaining stake of 4.12% in the company, according to a public document filed with the London Stock Exchange. 

The GP began selling its shares in May 2020, when it decreased its stake from 20.92% to 16.92%. It then continued to sell shares during the summer, reaching 4.12% at the end of August.

This exit ends an eight-year holding period for Investindustrial, which invested in the company via its €1.25bn fifth fund. The GP initially acquired a 37.5% stake in Aston Martin for €190m from Kuwaiti investment house Investment Dar in 2012. Subsequently, Investindustrial took part in a £200m growth capital investment in the business alongside investment bank Tejara Capital in 2015.

The company was listed on the London Stock Exchange in October 2018, with a market cap of £4.33bn. The offer comprised 57,000,723 existing shares owned by Investindustrial, Adeem Investments, Primewagon and senior management – equivalent to a 25% stake in the business – and an overallotment option of up to 5,700,072 or 2.5%.

Since Investinudstrial's initial investment, Aston Martin pursued international expansion, opened multiple showrooms in Asia and Australia, restructured its marketing team and launched an online store.

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