Italian PE Firm Revs Up Aston Martin With $240M Stake Buy

Law360, New York (December 7, 2012, 12:02 PM EST) -- Italian private equity firm Investindustrial Group will cough up £150 million ($240.4 million) for a hefty minority in Aston Martin Lagonda Ltd., maker of high-end sports cars featured in James Bond movies, kickstarting major plans for expansion, the pair said Friday.

The firm will lift its 37.5 percent ownership stake from Aston Martin's debt-laden Kuwaiti owner, Investment Dar, which has previously hinted it would unload as much as a 50 percent stake in the British car company. Investindustrial will make its investment through a capital increase,...
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