Italian private equity fund Investindustrial has bought a 37.5 per cent stake in Aston Martin off the company's current owner, the Kuwaiti company Investment Dar.
Investindustrial edged out a rival bid from the Indian tractor manufacturer Mahindra & Mahindra to secure the stake in the legendary British sports car manufacturer.
Full details of the deal have yet to be revealed and it is unclear how much Investindustrial paid; however, the Italian firm had previously bid between £200m and £250m for a 50 per cent stake in the company.
Aston Martin Chairman David Richards said: "I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of The Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world's leading luxury sports car manufacturers.
"Investindustrial's new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans."
Investindustrial owned Ducati until earlier this year when it sold the company to Audi, and the company has links with the AMG division of Mercedes-Benz. Whether or not AMG's technical expertise will rub off on Aston Martin remains unclear.
The investment is good news for Aston Martin as the company has been struggling in recent years. Aston sold just 2,340 in the year to 30 September, a 19 per cent reduction on last year's figures.
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