By DCB Editorial, October 30, 2024
Abu Dhabi-based investment firm CYVN Holdings has signed a non-binding agreement to acquire 100% of McLaren Automotive from Bahrain’s sovereign wealth fund, Mumtalakat Holding. This strategic acquisition will provide McLaren Automotive with a significant capital infusion, cutting-edge engineering expertise, and access to advanced electric vehicle (EV) technology.
Additionally, CYVN Holdings will gain a non-controlling stake in the McLaren Group, the parent company of McLaren Automotive. Founded by racing legend Bruce McLaren in 1963, McLaren is a globally recognized British sports car brand with a storied racing heritage.
Mumtalakat, McLaren’s majority shareholder, has been actively exploring new investment opportunities to strengthen the company’s growth potential. The partnership with CYVN Holdings aligns with these objectives and will enable McLaren to accelerate its electric vehicle initiatives and broaden its global footprint.
CYVN Holdings has already demonstrated its commitment to sustainable mobility, evidenced by a $2.2 billion investment in Chinese electric vehicle maker NIO last year. The company’s broader vision is to develop an integrated smart mobility platform through partnerships with leading automotive industry players worldwide.
