Russian investment company Black Ocean Group bankrolls Italian manufacturer to secure its future.
With a deal completed on 17th November, international investment company Black Ocean Group and MV Agusta have agreed upon a significant capital investment which should bring some stability back to the floundering motorcycle manufacturer after months of speculation and financial problems.
“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.” – Giovanni Castiglioni, CEO MV Agusta
Black Ocean is a part of the international holding Ocean Group and was founded by entrepreneurs Oliver Ripley and Timur Saradov. Their interests span across technology investments, private aviation, real estate and some agriculture.
Whilst no details have been revealed, it’s believed that the investment will be significant and timely enough to coincide with an agreed upon restructuring of the MV company.
There has been no clarification as to the role of Mercedes AMG within the new structure.