MV Agusta saved from drowning by Black Ocean Group ?

Plunged into deep financial worries for several months, MV Agusta hopes to get his head out of the water thanks to a new partner: the investment fund Black Ocean Group, which has just taken a stake in the Italian brand.. Explanations.

Six months ago, the CEO of MV Agusta confided to Site and his readers that he was: disappointed by Mercedes, Giovanni Castiglioni wanted to recover the shares of the German manufacturer () in "his" company…

But the heir of the charismatic Claudio ended up finding: in a press release that is both official and superficial, the Varese brand announces that it has signed an agreement for a capital increase with Black Ocean Group, an international investment fund. This company – with a name as obscure as – was created in 2010 within the entity Ocean Group International, which predates it by five short years: according to MV, it is an "investment fund founded by entrepreneurs Oliver Ripley and Timur Sardarov, based in New York, London and Luxembourg "(and Moscow, editor’s note).

Black Ocean, special partner

A time at the head of an airline – Ocean Sky UK, liquidated in 2012 -, the two young entrepreneurs invest in “high tech startups” as well as in agronomy, real estate, the media and, now, motorcycles … "We are very happy to be part of such an iconic Italian company and we are excited to build a truly international brand and a leader in its industry," says Mister Ripley, the – talented? – CEO of Black Ocean.

Naturally, Giovanni Castiglioni is also delighted with this new agreement: "beyond strengthening our capital, which is important for the future growth of MV Agusta, I firmly believe that Mr. Sardarov, Mr. Ripley and their international team will be in able to contribute, thanks to their entrepreneurial and managerial skills, to the consolidation of MV Agusta as a key player in the super premium motorcycle market ".

Details of the deal were not disclosed by the parties, but the closing of the deal is expected to coincide with the acceptance of MV Agusta’s restructuring plan. Business to follow on MNC: stay connected !

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