The Finance 360’s Post

"The McLaren Group has entered into a definitive binding agreement with CYVN Holdings (CVYN), an advanced mobility operator and investment entity based in Abu Dhabi, and Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain. The agreement, which will see CYVN acquire McLaren’s automotive business, alongside a non-controlling stake in McLaren’s racing division, is expected to propel McLaren’s growth trajectory, particularly in the rapidly evolving advanced mobility sector. However, the transaction remains subject to customary closing conditions and regulatory approvals." McLaren Group #CVYNHoldings #AbuDhabi #UAE #Mumtalakat #Bahrain

Abu Dhabi company to acquire McLaren automotive business. Abu Dhabi-based CYVN Holdings LLC will acquire McLaren’s automotive business and a non-controlling stake in McLaren’s racing business. This comes under an agreement signed between CYVN, an advanced mobility operator and investment vehicle based in Abu Dhabi, and Bahrain Mumtalakat Holding Company BSC “Mumtalakat”, the sovereign wealth fund of the Kingdom of Bahrain. Source: Khaleej Times.

🌟 McLaren Taken Over by Bahrain SWF 🚗🏁 The Bahrain sovereign wealth fund has officially acquired full ownership of the McLaren Group, solidifying its position as a key player in the supercar industry. 💼 💰 With this strategic move, McLaren is poised for even greater growth and innovation. 📈 In the words of Paul Walsh, McLaren Group executive chairman: "We are delighted at Bahrain Mumtalakat Holding Company ("Mumtalakat")’s continued commitment to McLaren through this deal, which strengthens our ownership and governance structure." This development comes after McLaren's proactive efforts to navigate financial challenges, including a recapitalization and streamlining of governance processes. 💼💪 Zak Brown, CEO of McLaren Racing, affirmed his dedication to the team's mission, stating, "We are fully focused on delivering our long-term business plan, including investment in new products and technologies." The McLaren Group's partnership with Bahrain Mumtalakat Holding Company has been instrumental in driving growth since 2007. 🤝🌐 This acquisition reaffirms McLaren's position as a leading force in the automotive industry, with a diverse portfolio that extends beyond Formula 1 to include INDYCAR, Formula E, and Extreme E. 🏎️💨 Despite recent discussions in the UK House of Lords regarding F1's involvement in countries with human rights concerns, McLaren remains steadfast in its commitment to excellence and integrity. 💼🌍 #McLaren #Bahrain #Supercars #Automotive #Investment #Innovation #LuxuryCars #Leadership #FutureTech #Formula1 #LinkedInPost #VCInvestors #FamilyOffices

Proudly Emirati Car!! British supercar manufacturer McLaren has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed Mumtalakat Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s racing division, while CYVN will hold a minority stake in the overall business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

While McLaren Group recent financial struggles are no secret, a brighter future could be on the horizon. Bahrain Mumtalakat Holding Company ("Mumtalakat") taking full ownership can provide much-needed stability. Here's why this could be a game-changer for McLaren: * Financial breather: Mumtalakat's resources can be a lifeline, helping McLaren recover and focus on long-term goals. * Bye-bye shareholder pressure: Free from the need to appease short-term investors, McLaren can prioritize strategic investments in new technologies and develop groundbreaking supercars. * Investment boost: With Mumtalakat's backing, McLaren can step on the gas when it comes to innovation, propelling them forward in the ever-evolving world of automotive technology such as paving the way to develop electric versions. 🏎️💨🧡Get ready to see McLaren zoom ahead #McLaren #Supercars #Mumtalakat #FutureofMobility #Bahrain

Abu Dhabi’s CYVN Holdings has completed the purchase of McLaren Group’s automotive business, and a stake in its racing business. The two parties believe the deal will "empower McLaren to reach its full potential via access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory.“ The deal, estimated at over $700 million, includes McLaren Automotive Ltd and McLaren Racing divisions, reflecting Abu Dhabi’s strategic focus on high-growth industries and cutting-edge innovation. This transaction also highlights the strong collaboration between Abu Dhabi and Bahrain, with the full support of Sheikh Khaled and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain. McLaren, renowned for its high-performance vehicles and motorsports achievements, recorded $1.2 billion in revenue in 2023 and has produced over 20,500 cars. The acquisition follows McLaren’s victory in the Formula 1 World Constructors Championship at the Formula 1® Etihad Airways Abu Dhabi Grand Prix 2024. #sportsbiz #linkedinsports #automotivenews #manda #acquisition #F1 Mahmood Abdulla Bahrain Mumtalakat Holding Company ("Mumtalakat")

McLaren Automotive, the renowned British sports car manufacturer, has been acquired by CYVN Holdings, an Abu Dhabi-based investment fund owned by the UAE government. The deal, estimated at £1.2 billion ($2.3 billion AUD), was confirmed by McLaren’s previous owner, Bahrain’s Mumtalakat, which had steadily increased its investment in the company since 2007. The acquisition includes McLaren’s automotive division and a non-controlling stake in its racing business. CYVN Holdings, known for its expertise in advanced mobility, also holds significant stakes in companies like Chinese EV manufacturer Nio and Gordon Murray Technologies, famed for designing high-performance road cars and Formula 1 racing vehicles. This move raises questions about McLaren’s future operations, including whether production will remain in England or shift to the UAE. CYVN has stated its intent to leverage McLaren’s heritage and engineering capabilities to redefine high-performance mobility. For more updates follow @gazettenowofficial or visit www.gazettenow.com #mclaren #uae #gazettenow #trendingnow

#AbuDhabi's CYVN Holdings has agreed to acquire #McLaren’s automotive business and a non-controlling stake in McLaren’s racing business after signing a strategic agreement with Bahrain's Mumtalakat. #Forbes For more details: https://lnkd.in/eG3WwbFw

🚗✨ McLaren Automotive is set for a significant change in ownership. Abu Dhabi-based CYVN Holdings has entered a non-binding agreement to acquire 100% of McLaren’s automotive business from Bahrain’s Mumtalakat Holding Company. This move aims to infuse McLaren with additional capital and advanced engineering expertise, particularly in electric vehicle technology. The deal also includes CYVN taking a non-controlling stake in McLaren Group, aligning with Mumtalakat’s strategy to optimise its portfolio for sustainable returns. https://hubs.la/Q02YjYfh0 #McLaren #CYVNHoldings #AutomotiveIndustry #ElectricVehicles

McLaren Group needed a lifeline, and they just got one... #playbookmiddleeast Bahrain Mumtalakat Holding Company ("Mumtalakat"), the sovereign wealth fund of Bahrain, has taken over the McLaren Group after growing its stake from 30% to 60% since 2007. This includes: - complete ownership of McLaren Group  - a majority stake in Mclaren Racing, which competes in Formula 1, the US IndyCar series, and the electric series Formula E and Extreme E The acquisition brings financial stability to McLaren, which has faced challenges, including economic difficulties and staff layoffs in recent years. It made a pre-tax loss of £276m in the first 9 months of last year. So what does the future look like? The deal allows the company to focus on its long-term business plan, invest in new products and technologies, and explore potential technical partnerships to create an electric vehicle offering. Manufacturers they’re speaking to include Hyundai, BMW, and Lucid Motors. For more news and analysis on the emerging sports economies of Africa and the Middle East, check out Playbook - Sports Business for Emerging Markets. __________ Photo: McLaren Racing #linkedinsports  #sportsbusiness  #motorsports #mclaren #formula1