Photo: bridgetogantry
Quite a lot of time has passed since the Nurburgring entered a financial issues tornado and it appears that this storm is about to come to an end. The US private equity company HIG Capital reportedly has the highest chances of winning Nurburgring acquisition deal.
Nonetheless, sale process is yet to be finalized. We’ll remind you that HIG was battling automotive industry supplier Capricon for the ‘Ring. There have been reports of a third buyer, an unnamed US company, but nothing of this sort made it to the headlines recently. Even Bernie Ecclestone announced his intentions to purchase the Nurburgring, but it all turned out to be a fake, a PR stunt.
Despite Miami-based HIG Capital still not officially announcing the purchase, there have been multiple signs of this. For instance, the company recently made Nurburgring-related entries in the commercial register. These were completed though its German arm, which is based in Hamburg.
We have to understand that the Nurburgring entity is comprised of multiple assets, including the brand itself, the track, a hotel, an amusement park and others.
HIG Capital was the highest bidder for the Nurburgring, with the company reportedly placing a bid in the region of EUR 60 to 70 million ($82-96 million).
Via: wiwo.de
Despite Miami-based HIG Capital still not officially announcing the purchase, there have been multiple signs of this. For instance, the company recently made Nurburgring-related entries in the commercial register. These were completed though its German arm, which is based in Hamburg.
We have to understand that the Nurburgring entity is comprised of multiple assets, including the brand itself, the track, a hotel, an amusement park and others.
HIG Capital was the highest bidder for the Nurburgring, with the company reportedly placing a bid in the region of EUR 60 to 70 million ($82-96 million).
Via: wiwo.de
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