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MV Agusta Rejigs Capital Ownership Structure


The company has completed its recapitalization with investment fund ComSar Invest

 

 

MV Agusta Rejigs Capital Ownership Structure

 

 

 

MV Agusta has consolidated its equity investment with the help of ComSar Invest which is an investment fund part of Black Ocean Group. The Group is owned by Timur Sardarov, who is a Russian billionaire and a key player in the production of oil and gas in East Europe. Along with the transaction, MV Agusta Holding will buy the 25 per cent stake held by Mercedes AMG in MV Agusta Motor S.p.A.

 

 

MV Agusta Rejigs Capital Ownership Structure

 

 

 

Giovanni Castiglioni, President, MV Agusta, commented: "The transaction with ComSar Invest in our holding company through a capital increase and the acquisition of the shares previously held by Mercedes AMG in MV Agusta Motor S.p.A., represents an important milestone for our plan which has as a main objective the reinforcement of MV Agusta core business: the production of high-performance, high end motorcycles. In the last 12 months the implemented measures, has brought MV Agusta back in positive cash flow generation, allowing to complete the restructuring plan and to consistently support product development and consolidation of our key markets."

 

 

MV Agusta Rejigs Capital Ownership Structure

 

 

 

The financial details of the deal have not been disclosed yet. What is for certain though,is that the deal is set simultaneously to the capital increase of MV Agusta Holdings in MV Agusta Motor S.p.A. A new company restructuring plan has been approved by the quorum of the creditors. According to the new shareholding structure, MV Agusta Holding will control 100% of MV Agusta Motor S.p.A. and will see ComSar Invest as a strong minority shareholder. GC Holding, the investment company of Giovanni Castiglioni, will own the controlling stake. 

 

 

MV Agusta Rejigs Capital Ownership Structure

 

 

 

Timur Sardarov, controlling shareholder of ComSar Invest: "MV Agusta is for us the most iconic brand in the industry; a company that in the last 5 years has invested heavily in new product development creating a extensive, enviable range of motorcycles which results today is a unique asset for a successful future. Our presence in the capital, with a clear long-term vision, as well as in the key management of the company, has the objective, through our core competences and skills to support and strengthen MV Agusta in the coming years consolidating its position of super premium motorcycle producer. We will focus our funding to reinforce MV Agusta sales network and service and our knowledge in the technology fields, web and marketing to reach and enhance new markets, strengthen our digital and social presence enlarging MV Agusta’s consumer base."