Alpine F1 Board Change Signals New Focus on Otro Capital Stake Sale

Renault has replaced CFO Duncan Minto on Alpine’s board with M&A chief Guillaume Rosso as the team’s minority investor, Otro Capital, prepares to sell its 24% stake at a valuation far above the $215 million purchase price.

Why it matters:

• Otro’s 24% stake, bought for $215 million, is now valued at over $620 million, turning a potential sale into a multi‑hundred‑million‑dollar deal.
• Renault retains approval rights over any transfer, so the board change directly influences who can become a future shareholder.

The details:

• Duncan Minto left the board after becoming Renault Group CFO; he had joined Alpine’s board in Dec 2022.
• Guillaume Rosso, appointed 7 April, is Renault’s global head of M&A and managing director of Alliance Ventures, the venture arm of the Renault‑Nissan‑Mitsubishi alliance.
• Otro’s lock‑up prevents a sale until September, but the investor is already courting buyers such as Mercedes, Steve Cohen and former Red Bull boss Christian Horner.
• Mercedes reportedly offered $500 million for the stake, valuing Alpine at $2.1 billion, underscoring the high commercial interest in the team.

What's next:

• Renault will likely use Rosso’s M&A expertise to vet any buyer and ensure alignment with its long‑term F1 strategy.
• If the stake changes hands before the lock‑up expires, it could reshape the sport’s competitive and commercial landscape.