/ Aston Martin, News / Mahindra & Mahindra favorite to take over Aston Martin

Mahindra & Mahindra favorite to take over Aston Martin

Linked In Share
Mahindra & Mahindra favorite to take over Aston Martin

The fate of Aston Martin is likely to be decided this week, with India’s Mahindra & Mahindra favorite to become the British sports car maker’s new owner.

Mahindra’s rival for the acquisition of Aston Martin is Italian private equity fund Investindustrial, according to unnamed sources aware of these talks quoted by The Economic Times. On Saturday, Mahindra & Mahindra had bid higher than Investindustrial for a 50 percent stake. The Indian automaker wants to pick up a minority stake of 40 percent first, with the option of raising it to 50 percent.

Under the proposed deal, the three existing shareholders and the management team will retain the residual stake. Mahindra may have to pay between £120 million and £200 million for its strategic stake. Aston Martin is owned by a Kuwaiti consortium of financial sponsors led by Investment Dar, which bought the luxury car company from Ford in 2007 for £479 million.

The financial crisis affected the sales of sports cars and the Kuwaiti investors’ financials, with Investment Dar forced to restructure its $3.7-billion debt last year. The enterprise value of Aston Martin is expected to be a little over a billion dollars (£650-700 million), including a £300-million high yield bond issued last year.

Mahindra & Mahindra is the world’s largest tractor maker and the leading SUV manufacturer in India. It also controls South Korea’s Ssangyong Motor.

by Dan Mihalascu (my Google+) - Monday, November 26th, 2012 - filed under Aston Martin, News. Image credit: .
Linked In Share
Related Articles
Aston Martin indian carmakers investindustrial investment dar kuwait luxury carmaker mahindra & mahindra private equity fund shareholders sports cars


Discuss: Mahindra & Mahindra favorite to take over Aston Martin

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[Videos] Ford’s F-150 ad campaign on TV starts today
[Videos] Ford’s F-150 ad campaign on TV starts todayThe second largest US automaker is gearing up for today’s launch, during the College Football Playoff matches, of the marketing ...
2014 – the year of record recalls
2014 – the year of record recallsWhen the year started the biggest story seemed to be the appointment of Mary Barra as General Motors CEO, the first female chief ...
Volvo’s new three-cylinder engine to span across the 40 and 60 lineups
Volvo’s new three-cylinder engine to span across the 40 and 60 lineupsThe Swedish automaker, now controlled by China’s Geely, is in its own renaissance age today – both in terms of models and ...
Exclusive: New-gen Opel Astra will not be seen in Geneva
Exclusive: New-gen Opel Astra will not be seen in GenevaThe new generation of the Opel Astra is still a few months away from its official unveil which, according to a company ...
US: study finds teens died in old, small cars
US: study finds teens died in old, small carsAccording to a new report conclusion coming from the Insurance Institute for Highway Safety researchers, almost 50% of the ...
Recall roundup: 2015 Volkswagen Jetta for halogen headlights problem
Recall roundup: 2015 Volkswagen Jetta for halogen headlights problemThe 2015 Volkswagen Jetta models are the subject of a recall which has been announced recently by the German based automaker, ...
2016 Lexus RX gets rendered
2016 Lexus RX gets renderedThe Japanese based automaker Toyota is planning on introducing the new generation of the RX next month, at NAIAS, in Detroit, and ...
Report – India to stop offering tax breaks to automakers
Report – India to stop offering tax breaks to automakersAccording to a senior government official, India has opted to stop awarding tax breaks to carmakers beyond the current expiration ...
[VIDEO] Take a full lap on the Ring in a BMW M4 Coupe
[VIDEO] Take a full lap on the Ring in a BMW M4 CoupeThe BMW M4 Coupe is one hot ride so spotting it in a video in which it is lapping the Nurburgring just had to be shared. The car ...
US: Toyota working to increase pickup and SUV production
US: Toyota working to increase pickup and SUV productionThough the world’s largest automaker in the world has taken command of three of the passenger car segments in the US, Toyota is ...
[VIDEO] BMW i8 vs. BMW M4 Coupe drag race
[VIDEO] BMW i8 vs. BMW M4 Coupe drag raceA drag race between the BMW i8 and the M4 Coupe has been recently put together by the guys from Auto Bild. Did you ever wonder ...
Fiat 500X Opening Edition order book opened
Fiat 500X Opening Edition order book openedThe order books for the Fiat 500X Opening Edition have been opened as the carmaker has recently announced. If you are looking ...
Exclusivity at its best, car collectors revive demand for one-off models
Exclusivity at its best, car collectors revive demand for one-off modelsThere’s a growing band of custom car aficionados, ranging from financiers to rock stars and united by one common desire – to ...
2016 Volkswagen Passat CC rendered
2016 Volkswagen Passat CC renderedAnother rendering with the future generation of the Volkswagen Passat CC has hit the web recently, giving us a glimpse of what ...
Here are some wacky cars from 2014’s auto shows
Here are some wacky cars from 2014’s auto showsEvery automaker strives to bring its best possible lineup during the days of the world’s most renowned international motor ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

fiat 500x opening edition 1
kia_niro
McLaren 650S by MSO for sale 1
ferrari f40 photo shoot 1
50th Anniversary Shelby Cobra 427 1
2015 skoda octavia scout 1
lamborghini aventador 50th anniversary 1
2016 bmw x1 1
volkswagen passat gte police 1
2015 skoda superb leaked 1
2015 Honda CR-V 1
2015 mazda carol 1

More automotive from inautonews
The second largest US automaker is gearing up for today’s launch, during the College Football Playoff matches, of the marketing campaign that focuses on the aluminum-intensive new generation of the 2015 F-150. Just like we told you recently, because Ford didn’t have the time to finish up its ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety 2014 – the year of record recallsWhen the year started the biggest story seemed to be the appointment of Mary Barra as General ... US: study finds teens died in old, small carsAccording to a new report conclusion coming from the Insurance Institute for Highway Safety ...
Safety Section