RACE has raised capital to help fund the acquisition of V8 Supercars
November 2021 — Racing Australia Consolidated Enterprises Ltd (RACE) has raised capital to help fund the acquisition of V8 Supercars Holdings Pty Ltd (V8 Supercars).
Racing Australia Consolidated Enterprises Ltd (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.
Our role in the transaction
Oaklins’ team in Australia acted as corporate advisor to RACE in this transaction.
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn more