Warwickshire-headquartered Aston Martin has completed a £150m investment from Italian private equity firm Investindustrial in exchange for a 37.5% stake in the business.
The deal with the Italian private equity firm was originally announced in December last year underpins a significant new product development programme of more than £500m planned over the next five years.
Kuwait’s Investment Dar retains its major shareholding in the carmaker as it looks to invest to compete with rivals such as Porsche and Ferrari.
“With the support of major shareholders The Investment Dar, Adeem Investment and now Investindustrial, Aston Martin is well positioned to realise its ambitious growth strategy,” the group said
Aston Martin production will remain at the marque’s global headquarters in Gaydon.
Investindustrial held a stake in Italian motorbike company Ducati before selling to German carmaker Audi earlier this year.
Aston Martin, best known for its association with James Bond, is celebrating its 100th anniversary this year.
The company was sold in 2007 by Ford for £479m to a consortium led by Investment Dar. It has since expanded into China, but sales in the UK and North America have been hit by the financial crisis.
