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Full Version: Spyker bought by an american holdings company..
Dieselstation Car Forums > Parking Lot > The Car Garage
skr
http://blog.caranddriver.com/spyker-sold-w...street-capital/

QUOTE
Early this morning, Saab-parent Swedish Automobile agreed to sell its Spyker sports car business to a private equity firm based in Greenwich, Connecticut. The deal, worth 33 million euros ($45 million at today’s exchange rates) will be done entirely in cash. But what motivated a group of American investors with no history owning or managing an automaker to buy Spyker, which made just 37 cars in 2009? We spoke with Alex Mascioli, the managing partner of North Street Capital, for some answers.


$45m for an exotic sports car company? Great deal? or is the company really worth shit?

Discuss..
Halflifehavock13
The supercar industry is not exactly the most profitable.
bobo27
QUOTE(Halflifehavock13 @ Sep 30 2011, 08:59 AM) *
The supercar industry is not exactly the most profitable.


Supercar? More like boutique car..
skr
I just think 45 mil for a car manufacturer is a cheap investment, but is the company THAT small? or is the value really that low? Even for a boutique sports car manufacturer?
dukenukem
QUOTE(skr @ Sep 30 2011, 06:32 PM) *
I just think 45 mil for a car manufacturer is a cheap investment, but is the company THAT small? or is the value really that low? Even for a boutique sports car manufacturer?

$45M isn't a tiny sum.
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