November 23, 2016
The international investment company Black Ocean Group and MV Agusta signed an agreement for a capital increase for the Italian motorcycle manufacturer.
The recapitalization of the world Italian goes hand in hand with the restructuring plan of the company.
Giovanni Castiglioni, Ceo of MV Agusta, announced: »I am very pleased that we have reached this agreement with Black Ocean. Beyond the strengthening of our capital, which is important for the future growth of MV Agusta, I strongly believe that Mr Sardarov, Mr Ripley and their global team will be able to contribute with their entrepreneurial and managerial skills in the consolidation of MV Agusta as a key player in the super premium motorcycle market.«
Black Ocean, which is part of the international holding Ocean Group, is an investment group, founded by entrepreneurs Oliver Ripley and Timur Sardarov, with offices in New York, London and Luxembourg. The company has invested and built a diverse group of businesses spanning technology investments, private aviation, real estate and agriculture.
Filed under: MCR News