Aug 26, 2020, 07:00 EST
Bronx, United States, Aug 26, 2020, 07:00 /Comserve / -- Williams Racing team, partnered by Acronis, has secured its position in the sport in the coming future. This happened after it was acquired by US private investment firm Dorilton Capital.
Grove, Aug. 21, 2020 -- Williams Racing team, partnered by Acronis, has secured its position in the sport in the coming future. This happened after it was acquired by US private investment firm Dorilton Capital.
Back in May, Williams had held a strategic review. It had the aim of securing investment or getting a buyer so that it could remain competitive in one of the toughest sporting arenas in the world. The news of the acquisition came as a great relief to the team, its employees, and fans.
As a part of the strategic review, Williams along with the group’s financial advisors noted all the possible options available to the company. This included exploratory discussions with many potential investors and buyers. After the conclusion of the strategic review, the company was pleased to announce the sale of Williams Racing to Dorilton Capital. This particular transaction was greeted with unanimous support from the Board of Williams. They concluded that the transaction provides the best outcome for the shareholders of the company. It will also be responsible for securing the long-term success of the Williams Formula 1 team.
Dorilton Capital, with its headquarters in the United States, is known for its flexible and patient investment style. It has a strong track record of building and enhancing companies it invests in. Dorilton also recognizes the importance of respecting Williams’ heritage. It will work to retain the heritage as much as possible while being committed to maintaining its identity. The team will continue to compete and race under the Williams brand name while keeping the chassis name unchanged. Dorilton also has no plans to relocate the team from Grove, which is its traditional home.
Mike O’Driscoll, CEO of Williams talks about how the transaction marks the start of the next stage in the history of the Williams Formula 1 team, especially at a very exciting time in the sport.
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