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Abu Dhabi-based CYVN Holdings has officially acquired McLaren’s automotive business from Bahrain’s sovereign wealth fund, Mumtalakat, in a $700M deal—reinforcing the strong ties between Abu Dhabi and Bahrain. This strategic acquisition includes a stake in the McLaren Group, opening doors for innovation in high-tech engineering and electric vehicles. In 2023, McLaren generated $1.2B in revenue and produced 20,500 cars, further solidifying its legacy with a prestigious victory at the 2024 Abu Dhabi Grand Prix with Lando Norris. Dubai-based DP World, one of McLaren’s highest-spending sponsors, also gains prominence from this milestone. The signing ceremony saw the presence of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and H.R.H. Salman bin Hamad Al Khalifa, celebrating a shared vision for growth and innovation.  https://lnkd.in/dQd5dxZF 

#British #supercar manufacturer McLaren Group 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

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

Now we know. 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. Credits: CTTO, megazettes

McLaren Secures £100M Investment from Cyvn Holdings McLaren Group has sold a significant minority stake in its supercar division to CYVN Holdings, a UAE-based investor, in a deal valued at £100 million. This move aims to bolster McLaren’s financial position and fuel its growth ambitions in the luxury automotive market. Cyvn Holdings, already a major shareholder, increases its ownership to nearly 33%.

Abu Dhabi-backed CYVN Holdings has entered a non-binding agreement with Bahrain's Mumtalakat Holding to acquire a stake in British carmaker McLaren Group, potentially leading to control over its automotive division. This partnership is designed to inject McLaren with vital capital and advanced engineering expertise, particularly in electric vehicle (EV) technology, to enhance its lineup of high-performance vehicles and expand its global retail presence. By leveraging Bahrain Mumtalakat Holding Company ("Mumtalakat") 's full ownership of McLaren and CYVN Holdings' earlier USD 2.2 billion investment in Chinese EV maker Nio, the collaboration aims to strengthen McLaren's market position and accelerate EV development. Read the full article via the link: https://shorturl.at/rQTCJ

🏎️ UAE’s CYVN Holdings to Rev Up McLaren’s Future The iconic British supercar maker McLaren is undergoing a major shift. CYVN Holdings, an Abu Dhabi-based investment firm, is stepping in to acquire McLaren, following the company’s struggles with over £900M in losses. Key Highlights: -CYVN Holdings aims to stabilize McLaren after financial turbulence, which included substantial losses and funding challenges. -The move reflects the UAE's strategic investments in high-value automotive and tech industries. -McLaren’s iconic status in Formula 1 and luxury supercars adds immense brand value, which CYVN plans to leverage for growth. -This acquisition underscores the growing trend of Gulf states investing in Western automotive and tech brands, paving the way for innovative partnerships and sustainable growth. What are your thoughts on this pivotal move in the automotive industry? #AutomotiveInnovation #InvestmentStrategy #McLaren #F1racing #Supercars

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.

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(c) (“Mumtalakat”), the sovereign wealth fund of the Kingdom of Bahrain. he acquisition follows an announcement of a potential partnership between Mumtalakat and CYVN Holdings in October of this year. Through this acquisition, CYVN is set to empower McLaren with access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory. Completion of the transaction remains subject to customary closing conditions and obtaining regulatory approvals. The signing of the agreement was witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain.

We have advised CYVN Holdings, an advanced mobility operator and investment vehicle based in Abu Dhabi, on a strategic partnership with Bahrain Mumtalakat Holding Company BSC. This partnership will see CYVN acquiring McLaren's automotive business and a non-controlling stake in McLaren's racing business. The transaction marks a defining moment CYVN's vision to build a leading, globally connected mobility platform. It also highlights Abu Dhabi's growing role as a global center of excellence for innovation in advanced mobility, while enabling Mumtalakat to continue playing a strategic role in McLaren and benefiting from future growth. Read more here: https://lnkd.in/gg8XUWMs #AOShearman #StrategicPartnership