Just about a year ago we reported that former Ford CEO, Jacques Nasser, was interested in possibly buying Land Rover and Jaguar. It was kind of ironic, given the fact that Nasser had been instrumental in the acquisition of LR and Volvo during his tenure at Ford. Well, it's deja vu all over again as word has spread that Nasser is set to tour those British companies in the very near future. Working under JPMorgan Chase & Co.'s One Equity Partners LLC, he is expected to meet with trade union of
At least five potential Aston Martin buyers have now whipped out their platinum cards in anticipation of taking the esteemed carmaker off Ford's hands. One London banker said, "The interesting question is whether this is just going to be a scrap between the rich men of Russia and the rich men of the Middle East." It's interesting to note the plethora of former Ford execs hoping to get a piece of Aston.
The investment group at which Jacques Nasser is senior partner for mergers and acquisitions is in talks with the former Ford CEO's ex-employer to purchase Jaguar and Land Rover, according to four people said to be familiar with the situation by Bloomberg. The sources go on to say that the talks are very cordial thanks to the fact that Nasser has been on good terms with Bill Ford, Ford's current CEO and Nasser's successor, ever since he was relieved of his duties at the company's helm in October