{"id":294569,"date":"2025-11-19T09:54:16","date_gmt":"2025-11-19T09:54:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/294569\/"},"modified":"2025-11-19T09:54:16","modified_gmt":"2025-11-19T09:54:16","slug":"supercars-news-tickford-racing-sold-to-investment-group-altor-capital","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/294569\/","title":{"rendered":"Supercars news: Tickford Racing sold to investment group Altor Capital"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\"Tickford
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA Tickford Racing car cover. Image: InSyde Media<\/p>\n

After months of delays<\/a>, the team has announced the completion of a majority sale to Altor Capital \u2013 the asset management arm of Prime Financial Group.<\/p>\n

Prime was engaged to sell the business late last year<\/a> but by May had emerged as the likely buyer. Altor is already an investor in Supercars\u2019 owner RACE.<\/p>\n

The Australian Financial Review reports the Tickford deal to be worth \u201cabout $16 million\u201d. As expected, Rod Nash will retain an equity stake while former co-owner Sven Burchartz departs.<\/p>\n

Nash, who has been a Tickford co-owner since teaming with Rusty French to buy the business from Prodrive in 2012, continues under the new title of director of motorsport.<\/p>\n

\"Repco<\/p>\n

Rod Nash. Image: InSyde Media<\/p>\n

Simon Brookhouse, a former investment banker and experienced sports administrator who was brought on in 2024 amid plans to seek fresh investment, will remain as CEO.<\/p>\n

\u201cWe are thrilled with the decision by Altor Capital to make this investment in Tickford Racing, which continues a proud tradition in the Supercars Championship,\u201d said Brookhouse.<\/p>\n

\u201cThe investment is a great validation of what Rod and the entire Tickford team have built over the decades and provides us with the right partner to unlock the exciting future of the Tickford Racing team.\u201d<\/p>\n

Tickford marks Altor\u2019s fourth sports and entertainment investment.<\/p>\n

It follows an acquisition earlier this year of a controlling stake in NBL franchise, the Tasmania JackJumpers \u2013 where Brookhouse worked as CEO before joining Tickford.<\/p>\n

\"\"<\/p>\n

Tickford in action at Sandown. Image: InSyde Media<\/p>\n

Altor\u2019s Chief Investment Officer, Ben Harrison, spruiked the Tickford deal.<\/p>\n

\u201cThis acquisition represents a rare chance to own an investment in a premier professional motorsport platform with an established track record, best-in-class engineering, a passionate and engaged fan base, and strong commercial momentum,\u201d he said.<\/p>\n

\u201cWe are excited to be partnering with Rod, Simon and the Tickford Racing team as it embarks on its next leg of growth.\u201d<\/p>\n

Tickford runs two full-time cars in the Supercars Championship, four Super2 Series entries and an engineering offshoot that it has been working to expand into non-motorsport applications.<\/p>\n

The team is also running a wildcard entry at the Adelaide Grand Final for NASCAR star Austin Cindric, who is currently undertaking a two-day test at The Bend.<\/p>\n


\"\"
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