|
Files under: News
Posted by: Quintura @ 06:31 [16. 12. 09]
 It’s been announced that private equity firm has agreed to acquire a large stake in , announced the Team’s official . Renault F1 Team has won two consecutive drivers’ and constructors’ Formula One world championships in 2005 and 2006. Genii Capital acquired 75 percent shares in Renault F1 Team and would manage the investment, according to , while Renault would retain 25 percent shares in the Team and remain its engine supplier.
Genii Capital is a Luxembourg-based firm specialized in new technologies, brand management and motor sport. board member Gerard Lopez is a partner of leading European venture capital firm . Genii Capital said that it would explore opportunities for synergies between companies in its investment portfolio and the Renault F1 Team, specifically, between , a career management company for young drivers and the program.
Gerard Lopez that “this is a period of opportunity for Formula 1, not a period of uncertainty. Formula 1 has an extraordinary level of global awareness that can be used to develop new business-to-business opportunities in traditional and developing markets, and there are exciting new revenue streams to be explored.”
In addition to being the first institutional investor in , the venture capital firm has invested in security software vendor , online shopping clubs in Germany and in Russia, mobile communications service , online dating service , online ticket marketplace , online music service , and the others.
Disclosure: Mangrove Capital Partners is an investor in Quintura.
Tags: Genii Capital Renault F1, Genii F1 team, Gerard Lopez, Gerard Lopez Genii Capital, Gerard Lopez Mangrove Capital, Gravity Sport, Gravity Sport Management, mangrove capital, Renau sold, Renault F1 sold
|
Comments: