Aston Martin F1 team is set to gain two new partial owners, with the deal expected to be confirmed soon.
According to Sky News, HPS Investment Partners, a United States-based investment firm and Accel, a venture capital fund, are believed to be about to pour hundreds of millions of pounds into the Silverstone squad's holding company.
It is suggested the transaction would see the F1 team's value vault to between £1.5 billion and £2 billion. The share price of its holding company has more than halved in the past 12 months.
HPS Investment Partners has in the region of $115 billion assets under management and is due to be floated on the New York Stock Exchange, with a reported valuation of more than $10 billion.
Accel, meanwhile, has invested in companies such as Deliveroo, Spotify and Monzo. It is best-known for being an early investor in Facebook and has also partnered with Mercedes F1 team sponsor Crowdstrike.
Majority owner of Aston Martin F1 team, Lawrence Stroll, sold a small stake last year to Arctos Partners, a private equity investor that specialises in sport.
As understood by the report, this new sale could see the two firms acquire between 20% and 25% of Aston Martin F1 team's parent company.
Aston Martin joined the F1 grid in 2021, taking over the squad that previously ran under the Racing Point moniker.
Stroll has heavily invested in the project with a new state-of-the-art factory opening this year, featuring its own wind tunnel which went online earlier this week.
RacingNews365 also understands the Silverstone-based squad is set to announce the arrival of renowned car designer Adrian Newey next week.
This article is a report and does not constitute investment advice or guidance and should not be considered as such.
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