Spyker Bought By American Private Equity Firm

Spyker Bought By American Private Equity Firm
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U.S. private equity firm North Street Capital, has purchased Spyker, after a deal to sell the Dutch outfit to Russian investors fell through. The Financial Times reported the news after viewing a preliminary draft of the announcement.

It’s unclear how the Spyker sale will impact parent company Swedish Automobile, and its attempts to restructure Saab, the legendary Swedish car company once affiliated with Spyker. The Dutch sports car maker was due to be sold to CPP Global Holdings, owned by Russian investor Vladimir Antonov.

Swedish Automobile wanted to sell Spyker to focus on Saab, and a series of deals with Chinese auto makers were also announced, with little tangible results.

[Source: Financial Times]