Despite CPP's planned £12.7m deal to buy Spyker, the firm may already be sold to a US equity firm
29 September 2011

Dutch sports car manufacturer Spyker is rumoured to have been sold to US-based private equity firm North Street Capital.

Swedish Automobile – Spyker’s parent company - had initially agreed to sell the brand to Brit firm CPP Global Holdings for an initial 15 million euros (£12.7m), but later said that the sale to the firm - headed by Russian billionaire Vladimir Antonov - was on hold.

Read more about the planned sale of Spyker to CPP

Brendan O'Toole, founder, managing director and co-owner of CPP, said: "Although a February 2011 Memorandum of Understanding between CPP and Spyker's owner, Swedish Automobile, lapsed in June 2011, we have remained patient and discussions have continued.

"Until we are informed that Swedish Automobile is no longer willing to discuss the Spyker sale, we are still keen to progress our proposed acquisition," O'Toole added.

If the new Spyker deal comes to fruition, CPP has commented that the firm "will continue to offer itssupport" and that it is "ready to immediately 'switch on' production of the new flagship Spyker C8 Aileron supercar".

Financial details of the unconfirmed deal with North Street Capital have not been disclosed.

Read about the return of the Jensen Interceptor under CPP ownership

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