Aston Martin F1 team sells stake to private equity firm at $1billion valuation

While exact figures have not been disclosed, Aston Martin has reported on the eve of the inaugural Las Vegas Grand Prix that Arctos Partners has acquired a “minority shareholding in AMR Holdings GP Limited, the team’s holding company”. The deal is expected to close by the end of 2023.

According to the Financial Times, this investment values the team at £1billion. Earlier this year, Alpine sold a 24% stake in its F1 team to a consortium -…