Gibson Dunn & Crutcher and Freshfields Bruckhaus Deringer are advising on a major investment into one of Formula One’s newest teams. 

Gibson Dunn is advising Otro Capital and its partner RedBird Capita on their investment into F1 team Alpine Racing, owned by parent company Renault, according to a firm statement. Freshfields Bruckhaus Deringer is advising Alpine Racing and Renault, according to two people with knowledge of the deal.