Aston Martin calls in bank to advise on sale

Thu, 21 Dec 2017 | BUSINESS SALE

The owners of high-end car manufacturer Aston Martin have called in outside help to advise them over a potential sale - either to private owners or on the stock market.

According to reports around the financial media, the car-maker’s private Kuwaiti investors and Investindustrial, an Italian private equity group, who together make up 90 per cent of Aston Martin’s ownership, have called in experts from Lazard to explore potential sale options.

Though investment bank Lazard has a history of advising clients on initial public offerings (IPOs) on the stock market, other options being explored by Aston Martin include a trade sale or listing separate business units for purchase.

Any listing on the stock market is expected to take place in the third or fourth quarter of 2018, according to Reuters, though any intentions to do so at present are only at the stage of a “preliminary plan”.

Listing Aston Martin would follow in the footsteps of fellow luxury car maker Ferrari’s public listing in 2015.

Investindustrial acquired a 37.5 per cent stake in Aston Martin back in 2013 with a £150 million buy-in, and is thought to be the main driving force behind plans to sell up.

The option of a trade sale could prove more complicated, however, with the carmaker recently signing a technical partnership deal with Daimler which has seen the German conglomerate take a 5 per cent share in the company. Many parts in new Aston Martin products are sourced from Mercedes-derived electronics, too, which could prompt the German manufacturer putting a stop to any sale to a rival.

When Reuters enquired about the potential sale, an Aston Martin spokesperson replied: "Any IPO for Aston Martin would be at the sole discretion of our shareholders. The management team is focused on delivering our annual and medium-term business commitments under our Second Century plan."


Share this article



Latest Businesses for Sale

Plumbers Merchant & Large Bathroom Showroom
Colchester, Essex, South East, UK

With a good level of net profit available and a fantastic reputation, this is an ideal opportunity for an entrepreneur with industry expertise, or a competitor looking to grow through acquisition, to own a successful business with further growth pote...

Asking Price: Offers Invited
Turnover: £970,757

LEASEHOLD


Driving School
Silverstone, Northamptonshire, UK Wide

The long-standing business offers a wide range of services including prestigious, advanced rally driving lessons as well as entertaining rally days out, rally courses, junior rally driving experiences and professional rally driver training based in t...

Asking Price: £350,000
Turnover: £300,000

LEASEHOLD


Manufacturing Company
West Midlands, UK

The business for sale is an established company specialising in the design and manufacture of modular ballast support systems/ access solutions for the HVAC and Renewable energy industries. The flat roof framework system is fully adjustable and can b...

Asking Price: Offers Invited
Turnover: £614,931

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
18
 
Feb
 

Subprime lender Amigo launches sale process | BUSINESS SALE

UK subprime lender Amigo has announced that it is in talks w...

 
14
 
Feb
 

Leicester printing firm enters administration | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Grou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
10
 
Nov
 

BT to sell off its fleet division | DIVISION SALE

BT Group is preparing to sell its fleet management arm encom...

 
04
 
Apr
 

Homebase put up for sale by Australian owner | BUSINESS SALE

High street DIY chain Homebase is up for sale, after its Aus...

 
27
 
Aug
 

Gala Coral Group prepares for sale of bingo business | DIVISION SALE

Gala Coral Group has brought in bankers at Lazard to seek ou...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources