Aston Martin Aramco Cognizant F1 Team have announced a new agreement with Dallas, Texas-based private investment firm Arctos Partners, which has come on board as an investor.
The agreement will see Arctos provide the British team with “deep sports industry knowledge, and a robust network of influential relationships to support its continued growth.” Arctos will also gain a minority stake in AMR Holdings GP Limited, which is the team’s holding company.
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Lawrence Stroll, Executive Chairman of Aston Martin Aramco Cognizant Formula One Team, commented:
“I am delighted to welcome Arctos Partners as a new partner and minority shareholder in the Aston Martin Aramco Cognizant Formula One Team. As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am thrilled that Aston Martin will be joining such a prestigious portfolio. The team has enjoyed tremendous success this season with eight podium finishes and our biggest points haul as a team, but our collective ambition is greater.
“Arctos see the potential and value of this project as we continue to build a world-class Formula One team. They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects. We are investing in infrastructure, people and processes, and this is the perfect time to add strength in depth with the operational expertise and strategic experience of Arctos. Together, we will continue to drive this team forward and build an even brighter and successful future.“
Doc O’Connor, Managing Partner, Arctos Partners, added:
“We look forward to collaborating with Aston Martin Aramco Cognizant Formula One Team and view the opportunity as the beginning of a long-term partnership with Lawrence and the entire organisation. This investment is consistent with our firm’s strategy, which focuses on backing leading sports brands across North America and Europe. We will provide extensive resources to enhance Aston Martin Aramco Cognizant Formula One Team’s reach and brand, including industry intelligence sourced from our proprietary quantitative research and data science platform. Aston Martin Aramco Cognizant Formula One Team is a leading name in Formula One, one of the fastest growing sports in the US, and we are truly excited to be entering the sport alongside Lawrence and his team.“