Archer Capital Buys V8 Supercars in $317M Deal

Australian private equity firm Archer Capital will acquire a majority stake in V8 Supercars Australia in a deal valued at more than $317 million, Reuters reported. Archer will back Australian Motor Racing Partners to take a 60% stake in V8 Supercars. Racing teams and management will hold the remaining 40% equity interest, Reuters wrote. Archer Capital has more than $2 billion under management.

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