Italian private equity fund Investindustrial has bought a 37.5% stake in Aston Martin from owners Kuwaiti investment house Investment Dar for £150 million.
Aston Martin said the investment means it can now push ahead with its “extensive and exciting plans for sustainable long-term growth”. This will include expanding the model range and strengthening its global dealer network. There are currently 21 Aston Martin dealer locations in the UK.
The brand also confirmed that production will remain at Aston Martin's global headquarters at Gaydon in Warwickshire.
Several parties were rumoured to be interested in buying a stake in the luxury supercar manufacturer, including Indian conglomerate, Mahindra & Mahindra.
Investment Dar bought Aston Martin for £479m from Ford five years ago.
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 The 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 The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans.”
Aston Martin intends to invest more than half a billion pounds in its new product and technology programme over the next five years.