Abu Dhabi-based CYVN Holdings LLC, an advanced mobility investment vehicle, has announced its plan to acquire McLaren’s automotive business and a non-controlling stake in its racing division.
This agreement solidifies a partnership between CYVN Holdings and Bahrain Mumtalakat Holding Company BSC (Mumtalakat), Bahrain’s sovereign wealth fund. The partnership was first hinted at in October 2024, marking a new chapter for McLaren in collaboration with global investment leaders.
The acquisition aims to strengthen McLaren’s position in the automotive and motorsport industries. CYVN Holdings will provide the company with:
- Advanced engineering and design expertise.
- Access to cutting-edge technology.
- Strategic leadership to enhance McLaren’s global competitiveness.
This collaboration is expected to propel McLaren’s growth trajectory while maintaining its iconic reputation in both the automotive and racing sectors.
Transaction Details and Regulatory Approvals
The agreement was signed in the presence of:
- Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.
- Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain.
The deal is subject to customary closing conditions and regulatory approvals. Both entities expressed confidence in the partnership, underscoring its potential to drive innovation and elevate McLaren’s market position.
This acquisition highlights Abu Dhabi’s increasing influence in the global automotive and mobility sectors, aligning with its vision of fostering innovative industries. McLaren, a brand synonymous with luxury performance vehicles and Formula 1 racing, stands to benefit significantly from CYVN’s resources and expertise.
