Morgan sells off majority of company
March 5, 2019
Investindustrial has today announced the acquisition of a majority stake in Morgan Motor Company Ltd, the iconic 110-year old British sports cars manufacturer.
Terms of the transaction were not disclosed, and it is expected to complete in April 2019. The Morgan family will continue to act as stewards for the brand and retains a minority shareholding. Meanwhile, for the first time in its history, the management team and all employees will become shareholders in the business.
The investment is executed without financial debt, and Morgan will have a positive net cash position upon closing of the transaction. The investment in Morgan is made by a separate fund (with a different strategy) from Investindustrial V L.P. (whose investment subsidiaries hold a stake in Aston Martin Lagonda Global Holdings PLC).
Founded in 1909, Morgan continues to this day to hand-build premium sports cars with a classic design in its historic factory in Malvern, UK, which is visited by more than 30,000 enthusiasts each year. With revenues of £33.8 million and net profit of £3.2 million in 2018, the company sells around 700 cars per year including a portfolio of iconic car designs and a unique 3 Wheeler manufactured using three core elements: ash, aluminium and leather.
The Morgan brand is synonymous of quintessential British craftmanship, elegance, performance and design. Morgan has a loyal and active owners’ community with more than 5,000 members and 50 clubs globally.
As part of the transaction, and as a sign of its long-term faith in the company and the wider British automotive sector, Investindustrial will support Morgan to accelerate new product development, after the launch today of the new Plus Six at the Geneva motor show, the first to adopt the company’s new CX-Generation architecture, increase global distribution and broaden customers’ experience with unique events, enabling Morgan to fulfil its global potential as an iconic maker of hand-built British sports cars.
In supporting the company, Investindustrial will leverage its vast experience and track record in the automotive industry, developed through a number of successful investments over the last 30 years, such as Aston Martin and Ducati.
Morgan will continue to focus on its niche classic segment within the automotive sector, with bespoke manufacturing, hand-built products, and the use of ash remaining central to its strategy. Investindustrial will work closely with current management and the wider Morgan family to make sure that future development of the business will be respectful of and remain true to the company’s unique heritage.
Dominic Riley, Chairman, Morgan Motor Company, said:“The past two years have been the most successful in our company’s 110-year history. However, to really fulfil Morgan’s full potential and secure our long-term future, both the family and management team, felt it was essential to bring in a strategic partner. A partner that shares our vision for Morgan and has the expertise, financial resources and track record of success in the automotive world, to make it happen. That partner is Investindustrial.”
Latest News

Toyota unveils its new Urban Cruiser
Toyota has officially launched its all-new compact SUV, the Urban Cruiser, at its [...]
Carry on camping with Renault Trafic
The Renault Trafic is proving the perfect model for a brand new, off-grid, [...]
Barcelona players go track racing
Barcelona men’s football team players customised their new CUPRAs, after testing them during [...]
Suzuki Swift to Young Driver’s rescue
Young Driver, the UK’s foremost under-17s driver-training company, has just taken delivery of [...]
New Subaru Forester is right on track
Subaru UK & Ireland has announced the pricing and specifications for the all-new, [...]
Optional upgrades for the MINI family
Following the successful launch of the new MINI family, a range of additions [...]
Save £1,000 when ordering a new VW EV
Anyone ordering a new Volkswagen electric vehicle between now and March 3 this [...]
Get priority access to the new Renault 5
The Renault 5 E-Tech electric is available to order for R-Pass customers, giving [...]
Inster Cross has an adventurous side
Hyundai has announced pricing and specification for the Inster Cross, the all-new EV’s [...]
WWCOTY announces its finalists for 2025
The Women’s Worldwide Car of the Year (WWCOTY) has announced the winners of [...]
Prices announced for VW’s new Tayron
The all-new Volkswagen Tayron goes on sale in the UK on January 9 [...]
Skoda adds Design trim to Kamiq range
Škoda is building on the success of its award-winning Kamiq range by adding [...]
Kia celebrates 10 years of EV success
It’s incredible to think it’s been 10 years since Kia introduced its first [...]
INEOS partners with mountain rescue
INEOS Automotive partnered with Scottish Mountain Rescue (SMR) to help the charity deliver [...]
Prices revealed for BYD SEALION 7 model
BYD has announced the UK pricing for the SEALION 7 which will start [...]