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The Aston Martin Formula One team is to set a new valuation benchmark by selling a large stake to two of the world’s most prominent investment funds.
Sky News can exclusively reveal that HPS Investment Partners, a US-based firm which manages roughly $115bn (£87.6bn) in assets, and Accel, one of the giants of the Silicon Valley venture capital sector, are on the verge of investing hundreds of millions of pounds into the team’s holding company.
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Sources close to the sport said an investment by Accel and HPS was expected to value Aston Martin F1 at between £1.5bn and £2bn.
One insider said the deal was expected to be announced shortly.
As part of its investment, HPS, which is reportedly expected to be valued at more than $10bn when it floats in New York, is understood to have agreed to refinance debt attached to Aston Martin F1’s technology campus at Silverstone.
The site opened last year.
Accel is one of the world’s best-known venture capital funds, having backed companies such as Facebook at an early stage.
If confirmed, the deal would be the latest transaction orchestrated by Aston Martin’s billionaire controlling shareholder, Lawrence Stroll, who has pumped vast sums into James Bond’s preferred car manufacturer in a bid to make it sustainably profitable.
Last year, Mr Stroll sold a minority stake in the F1 team to Arctos Partners, a sports-focused private equity investor.
One person close to Aston Martin F1’s shareholder base said the latest stake sale would see the new investors acquiring between 20% and 25% of AMR GP Holdings Limited, the team’s parent company.
The person added that Aston Martin had been advised on the deal by The Raine Group, the merchant bank which acted on the sale of Chelsea Football Club and a stake in Manchester United Football Club to Sir Jim Ratcliffe.
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