Archer Capital – acquisition of a controlling interest in V8 Supercars
Miles Advisory Partners advised the shareholder of V8 Supercars on the sale of a controlling interest to Archer Capital.
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of V8 Supercars
Deal Type
Business Divestment
Year Completed
2011
Contacts for this Transaction
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Alan Dassie
Director
Overview
- V8 Supercars is Australia’s premier touring car racing championship and a leading motorsport and entertainment property
- Miles advised the shareholders of V8 Supercars on the sale of a controlling interest to private equity firm Archer Capital
- Archer Capital acquired a majority stake, with the racing teams and management retaining the balance
Industry Context
Premier sporting and motorsport categories have attracted private equity interest for their broadcast rights, sponsorship and event revenues and their scope for commercial development. Institutional capital can fund investment in the championship’s media, fan engagement and event programming. Bringing in a professional financial owner alongside the racing teams aligns commercial incentives and supports the long-term growth of the series.
