Slaughter and May is advising Investindustrial on the possible partial cash offer for shares in Aston Martin

Slaughter and May is advising Investindustrial VI L.P., a fund managed by Investindustrial Advisors Limited (“Investindustrial”), in connection with its possible partial offer for further shares in Aston Martin Lagonda Global Holdings plc (“Aston Martin”), the iconic producer of hand-crafted luxury sports cars (the “Partial Offer”). The Partial Offer is expected to comprise a cash offer for shares representing approximately 3 per cent. of the issued share capital of Aston Martin at £10 per share by way of a contractual offer under the Takeover Code.

The Partial Offer, if made, would be conditional on (i) acceptances being received in respect of no less than the precise number of shares in Aston Martin for which the Partial Offer is made, and (ii) approval of the Partial Offer being given in respect of over 50 per cent. of the voting rights held by shareholders in Aston Martin who are independent of Investindustrial.

Investindustrial, through two of its investment subsidiaries, already holds shares representing approximately 30.9 per cent. of the issued ordinary share capital of Aston Martin, which is expected to increase to approximately 33.9 per cent., if the Partial Offer is successful.