US private equity firm in early talks over stake in Formula One
US private equity firm Silver Lake is in early-stage talks with CVC Capital Partners over a stake in Formula One (F1) motor racing.
CVC Capital Partners, which currently has a 35 per cent stake in the sport, has been exploring a range of options for some time.
The talks with Silver Lake, first reported by Sky News, are being held in parallel with a number of other interested, but as yet unidentified, parties.
Silver Lake, best-known for its holdings in Chinese online retailer Alibaba and computer manufacture Dell, could either buy out some of F1’s minority shareholders or acquire pro rata interests from all of the sport’s investors.