Forest Road Acquires ERT Formula E Team (rebranded Kiro Race Co)
October 15, 2024
Los Angeles-based investment firm The Forest Road Company has acquired 100% of the ERT Formula E team, which will be rebranded as Kiro Race Co and operate under an American license while retaining Silverstone operations. Capital for the acquisition was provided by David Kaplan and Bennett Rosenthal (co-founders of Ares Management); the team also announced a technical partnership with Porsche Motorsport to strengthen performance.
- Buyers
- The Forest Road Company, David Kaplan, Bennett Rosenthal
- Targets
- Kiro Race Co (formerly ERT Formula E Team)
- Industry
- Media & Entertainment
- Location
- Northamptonshire, United Kingdom
- Transaction Type
- Buyout
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