2008 Aston Martin Vantage V8 Convertible on 2040-cars

Auto blog

Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Aston Martin Vanquish Zagato Shooting Brake finishes a quartet Q would envy

From A to Z in four steps - that being Aston Martin and Zagato, connected by carbon fiber links known as the Vanquish Zagato Coupe, Volante, Speedster, and the now-official Shooting Brake. When the automaker revealed the Zagato Speedster at Pebble Beach in August, the Shooting Brake remained a sketch. Today we get honest, photographic proof of what 99 future owners will soon park in their climate-controlled display spaces. Were it not for the objet d'art reverence paid to a Zagato and the bitsy production run, we'd expect to see the shooting brake frolicking through expensive enclaves just as often as a Ferrari GT4 Lusso. Aston Martin's 580-horsepower V12 provides useful intent up front, a "luxuriously trimmed rear cabin area with tailored luggage" carries its weight in back. In between, driver and passenger revel in a herringbone carbon fiber fascia, anodized bronze dials, quilted leather, and glass-inlay for the double-bubble roof inviting lots of light. The Shooting Brake goes into production next year, alongside the Speedster. As with the first three bijoux, every Shooting Brake has already found a home. When Aston Martin hands the last set of keys to the final buyer, these 325 special editions will mark the close of another chapter in an Anglo-Italian cooperation begun with the 1960 DB4 Zagato. Related Video:

Weekly Recap For 7.8.16 | Autoblog Minute

Senior Editor Greg Migliore recaps the week in automotive news, including a look at the new V12 hypercar coming from Aston Martin and Red Bull Racing. Aston Martin Jeep Autoblog Minute Videos Original Video autos Red Bull Racing hypercar am-rb 001