KWM London and HK advise Geely on substantial Investment into Aston Martin

KWM London and Hong Kong offices have advised Zhejiang Geely Holding Group (“Geely”) on a substantial Investment into Aston Martin Lagonda Global Holdings plc (“Aston Martin”).

As part of the transaction, Geely has committed approximately £234 million, which will make them Aston Martin’s third largest stakeholder at c.17%. They have also signed a new Relationship Agreement, which will give them the right to appoint a Non-Executive Director to the Aston Martin Board of Directors.

KWM is delighted to have represented Geely on this transaction which represents a significant move by China’s leading automotive group, solidifying their investment into the growth and vision of Aston Martin to become one of the world’s most desirable ultra-luxury automotive companies.

It is expected that Aston Martin Lagonda will receive approximately £95 million in cash from the subscription of the New Shares. Geely, who initially became a shareholder last year, acquired 41,575,708 existing ordinary shares from the Yew Tree Consortium, who will remain as the largest shareholder at c.21%.

Completion of the Transaction and admission of the New Shares to listing on the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of London Stock Exchange plc is expected to occur later this month.

The deal was led by London Partner Greg Stonefield and Hong Kong Partner Wen Huang.

Greg Stonefield, KWM London head of capital markets said:

“We’re pleased to advise our client Geely Holding on their substantial investment into the growth of Aston Martin. KWM’s extensive capital markets experience perfectly positions us to complete transactions of this nature.”     

KWM has previously advised on major capital markets transactions including the Woodside Energy Group Ltd (“Woodside”), admission to the standard segment of the Official List and to trading on the London Stock Exchange’s Main Market for listed securities. Woodside’s market capitalisation on admission was approximately US$45 billion.

KWM London and Hong Kong offices have advised Zhejiang Geely Holding Group (“Geely”) on a substantial Investment into Aston Martin Lagonda Global Holdings plc (“Aston Martin”). As part of the transaction, Geely has committed approximately £234 million, which will make them Aston Martin’s third largest stakeholder at c.17%. They have also signed a new Relationship Agreement, which will give them the right to appoint a Non-Executive Director to the Aston Martin Board of Directors. KWM is delighted to have represented Geely on this transaction which represents a significant move by China’s leading automotive group, solidifying their investment into the growth and vision of Aston Martin to become one of the world’s most desirable ultra-luxury automotive companies. It is expected that Aston Martin Lagonda will receive approximately £95 million in cash from the subscription of the New Shares. Geely, who initially became a shareholder last year, acquired 41,575,708 existing ordinary shares from the Yew Tree Consortium, who will remain as the largest shareholder at c.21%. Completion of the Transaction and admission of the New Shares to listing on the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of London Stock Exchange plc is expected to occur later this month. The deal was led by London Partner Greg Stonefield and Hong Kong Partner Wen Huang. Greg Stonefield, KWM London head of capital markets said: “We’re pleased to advise our client Geely Holding on their substantial investment into the growth of Aston Martin. KWM’s extensive capital markets experience perfectly positions us to complete transactions of this nature.” KWM has previously advised on major capital markets transactions including the Woodside Energy Group Ltd (“Woodside”), admission to the standard segment of the Official List and to trading on the London Stock Exchange’s Main Market for listed securities. Woodside’s market capitalisation on admission was approximately US$45 billion.