Sports
Aston Martin F1 Team Nears Stake Sale to Accel, HPS: Sky News
Aston Martin during the qualifying session, ahead of the Italian Formula One Grand Prix.
Photographer: Gabriel Bouys/AFP/Getty ImagesThis article is for subscribers only.
The Aston Martin Formula One team is nearing a stake sale to two US funds, in a deal that would value it at between £1.5 billion and £2 billion, Sky News reported.
Venture capital fund Accel and private credit manager HPS Investment Partners are set to invest “hundreds of millions of pounds” into the F1 team’s holding company, Sky News said, citing people familiar with the matter. The deal would involve a stake sake of between 20% to 25%, and is expected to be announced shortly, the report said.