Spanish private shareholders could sell their stake in Fórmula E to CVC Capital Partners
Particulares españoles podrían vender su participación en la Fórmula E a CVC Capital Partners
Intel ID : 220598
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UK-based private equity firm CVC Capital Parners could acquire a stake held by a group of Spanish private shareholders, in Formula E Holdings, which controls the rights in Formula E (a competition similar to Formula 1, for electric cars). However, the visible names in the group of shareholders, Alejandro Agag and Enrique Bañuelos, are not in agreement regarding the sale. While Agag wants to take advantage of the situation and be replaced in Formula E Holdings shareholding by CVC Capital Partners, Bañuelos prefers to wait to maximize the value of Formula E before selling.
(content in spanish)
La firma británica de private equity CVC Capital Partners podría adquirir la participación que mantiene un grupo de particulares españoles en la empresa Formula E Holdings, que controla los derechos de la Fórmula E (competición análoga a la Fórmula 1 donde compiten monoplazas eléctricos). Sin embargo, las cabezas visibles del grupo de particulares, Alejandro Agag y Enrique Bañuelos, muestran disenso a la hora de vender la participación. Mientras que el primero quiere aprovechar la coyuntura para ser reemplazado en el accionariado de Formula E Holdings por CVC Capital Partners, el segundo prefiere esperar a maximizar el valor de la empresa antes de deshacerse de su participación. |
| Intel ID | 220598 | ||
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.