RACE consortium has acquired V8 Supercars
Archer Capital has sold V8 Supercars Holdings Pty Ltd (V8 Supercars) to Racing Australia Consolidated Enterprises Ltd (RACE).
RACE is a newly formed consortium of motorsports and related industry players. Led by entrepreneur Barclay Nettlefold, the consortium includes the Australian Racing Group (ARG), motor racing great Mark Skaife, advisory firm Henslow, and a host of media, sports and entertainment investors. RACE brings together an experienced board who are motivated to reset and reenergize V8 Supercars. The new ownership group has operational experience and brings significant marketing clout to V8 Supercars and is excited about aligning the major circuit racing categories in Australia.
V8 Supercars is one of the world’s most iconic sporting and entertainment franchises which is ingrained in Australian culture. With events featured in every state and territory of Australia, V8 Supercars is one of Australia’s most recognized sporting events, with premier races such as the Bathurst 1000.
Archer Capital is one of Australia’s most experienced private equity investors. Archer Capital was established in 1997 and is 100% Australian-owned with US$1.9 billion invested across 31 businesses.
Oaklins’ team in Australia acted as corporate advisor to RACE in this transaction.
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