CVC Capital Partners today announces that three leading institutional investors have together invested US$1.6 billion in cash for equity interests in Formula 1, acquiring in aggregate 21% of the company.
Mr. Donald Mackenzie, Managing Partner of CVC Capital Partners, said: "This is great news for Formula 1 and an important step in its development. CVC became the controlling shareholder of Formula 1 in 2006. Since that date we have supported the company and its management as they have grown the company with great success. The addition of these three highly regarded investors to our share register is validation of this success, and we look forward to working with our new partners over the coming years."
CVC will continue to be Formula 1's largest and controlling shareholder.