LONDON : Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24 per cent equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday.The 200 million euro ($218.10 million) deal values Bri
LONDON : Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24 per cent equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday.
'Deadpool' star Reynolds leads Maximum Effort Investments with McElhenney, of American comedy series 'It's Always Sunny in Philadelphia', and fellow-actor Michael B. Jordan as co-investors. Renault said Otro and RedBird's investment included the participation of the Huntsman Family and Main Street Advisors.
Alpine Racing, with a factory at Enstone in central England, won Formula One constructors' world championships in 2005 and 2006 when they competed as Renault's works team and also as Benetton in 1995.Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker.
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