Horacio Pagani S.p.A. announced the launch of Pagani Arte – a long-term strategic plan aimed at exploring new growth opportunities. In accordance with this plan, the company inks a long-term strategic partnership with the Public Investment Fund (“PIF”) – the sovereign wealth fund of Saudi Arabia. According to this agreement, PIF will become a minority shareholder of the company on completion of the transaction.
Horacio Pagani S.p.A. approaches the next chapter of its growth path with a strong awareness of its positioning and unique competencies, and a long-term strategic plan that combines a further development of the core hypercar business and the launch of Pagani Arte. The long-term partnership with PIF will support the company in achieving its development milestones.
The transaction envisages the acquisition by PIF of a minority stake in Pagani, joining existing minority shareholders Nicola Volpi and Emilio Petrone. The Pagani family will maintain control of the company as the majority shareholder. At the same time, Horacio Pagani, Founder, Chief Executive Officer and Chief Design Officer, will keep a leadership position within the company.
Ever since its foundation, Pagani has enjoyed partnerships with best-in-class players, as we believe that excellence can only be reached through team-work. This is proven by our long-standing partnerships with our technology partners -clear technology leaders in their reference sectors- that will continue to play an important role in Pagani’s future. Today we are proud to announce an important partnership with PIF, a key step in our long-term growth strategy, which envisages significant investments to ensure that our next hypercars will keep conveying unique emotions, irrespectively of their powertrain technology. PIF represents the ideal partner to further consolidate Pagani positioning as an iconic brand in the hypercars segment as well as to support its expansion strategy in the lifestyle segment. – Horacio Pagani
UBS Investment Bank acted as Pagani Exclusive Financial Advisor. Withers Studio Legale acted as Legal Advisor to the selling shareholders. Rothschild & Co and Freshfields Bruckhaus Deringer acted as PIF’s Financial Advisor and Legal Advisor, respectively.
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