Racing Force, a global leader in automotive safety systems, has agreed in its Board of Directors a capital increase through the issuance of new shares, which will be offered for subscription through an accelerated demand prospecting procedure.
In the context of this capital increase, Axon Partners Group has acted as a strategic anchor investor, co-investing with Bahrain Mumtalakat Holding, the sovereign wealth fund of the Kingdom of Bahrain.
The objective of the capital increase is to provide support for the development and expansion of business activities, enhance the efficiency of production processes for certain products, increase the free float and liquidity, and expand the shareholder base to include first-class international institutional investors.
Additionally, Racing Force has entered into a binding agreement with Bahrain International Circuit, the management company of the circuit which hosts the Bahrain Formula 1 Grand Prix, for the construction and lease of an additional new factory for the development and production of some of the Group’s products.
