Spyker Sports Car Sold to North Street Capital Private Equity Firm

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Swedish Automobile, the company that owns Saab and Spyker, has sold the Dutch half of its business to North Street Capital, a Connecticut-based private equity firm.

According to the Financial Times, neither Swedish Automobile nor North Street Capital has released any terms of the deal. Over the past several months, however, it is known that Swedish Automobile had been negotiating to sell Spyker to a Russian/British group funded by the Russian investor Vladimir Antonov. Those talks, however, have since fallen apart as Antonov and his partners announced plans to resurrect the Jensen Interceptor as a boutique sports car.

Despite the change of plans, the sale of Spyker is good news for Swedish Automobile, which reportedly needed the extra cash to help get Saab out of bankruptcy. Additional details on the sale are expected to be released at some point in the near future.

Source: Car and Driver

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