Lawrence Stroll Reported to Sell 25% Minority Stake in Aston Martin to US Private Equity Firm

Lawrence Stroll Reported to Sell 25% Minority Stake in Aston Martin to US Private Equity Firm
Credits: Imago

Lawrence Stroll is reportedly set to sell a minority stake in Aston Martin to Arctos Partners, an American firm in the coming months. The deal is still not confirmed and remains in its early stages which is why there has been no official announcement as of yet.

Bloomberg reported that Stroll could sell as much as 25% of the company’s shares to Actros Partners, a Private Equity Firm. The Canadian billionaire has been in talks to sell stakes for several months, but he increased the F1 team’s valuation recently.

Last year, the company valued itself at $1.3 billion but Stroll is hoping for an increase now, according to Bloomberg’s sources. This is mainly down to Stroll’s role in ensuring the revival of Aston Martin’s F1 team.

There has been a lot of interest in Aston Martin as of late, particularly because of the team’s jump in performance. Stroll took over team Silverstone in 2018, rebranded it to Aston Martin in 2021, and brought it out of its slump. Until 2022, they were languishing in the lower end of the midfield but the very next year, they finished on the podium eight times.

Overall, Aston Martin seems to be on the ascendency. Stroll made it clear that he wants to compete for the World Championship in the near future. For that, he is making changes around the team, including a bold attempt at signing one of F1’s most decorated engineers- Adrian Newey.

Lawrence Stroll’s attempt to sign Adrian Newey

Earlier this week, sources revealed that Adrian Newey has decided to leave Red Bull. Ferrari and Aston Martin came up as the teams most likely to sign the 65-year-old and while the former remains the favorite, Lawrence Stroll is unlikely to concede without a fight.

Stroll reportedly made an offer to Newey during the Saudi Arabian GP weekend. Team Principal Mike Krack denied this later but, a former colleague of Newey’s spilled the beans.

Peter Windsor worked with Newey during their Williams days and insisted that Stroll made a lucrative offer to the Red Bull Chief Technical Officer. The Aussie added that Newey declined this proposal since money was not his main motivation for leaving Red Bull.

Aston Martin remains in the race to sign Newey as reported. But Ferrari is the prime candidate to land him. Earlier this week, he was spotted in Bologna (Italy) making the links between the two parties even stronger.

Related Posts

Loose Women star Linda Robson lands huge new role after heartbreaking news

Linda Robson has revealed she can soon be seen on stage in an adaptation of a classic BBC comedy – meaning fans can soon see her treading…

Loose Women’s Ruth Langsford shares health update after hospital incident

Ruth Langsford’s mother, Joan, suffered a fall in December fracturing her pelvis less than a year after breaking her hip Ruth said the previous incident had put…

Zara Tindall’s brilliant response to Mike’s 4am drunken antics at Princess Anne’s home

Former England rugby star Mike Tindall has told how he was woken up by police officers in riot gear after being caught on CCTV “struggling to get…

Denise Welch used dozens of ‘panty pads’ due to laughter working with Ricky Tomlinson

Loose Women star Denise Welch opened up on her time with Ricky Tomlinson as the veteran actor joined the panel for discussion on the popular ITV talk…

Penny Lancaster says ‘move on’ as she shuts down Loose Women co-star

On Tuesday’s instalment of Loose Women, the panel were speaking about Meghan Markle’s recently released Netflix series. Loose Women star Penny Lancaster was caught in an awkward…

Olivia Bowen announces baby’s gender as pregnant star breaks down in tears on Loose Women

Olivia Bowen and her husband Alex appeared on ITV show Loose Women on Tuesday with a lovely update after sadly announcing they’d lost one of the twins…