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.
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“This acquisition marks a defining moment in CYVN’s vision to build a globally connected mobility platform,” said CYVN Chairman Jassem Mohammed Bu Ataba Al Zaabi.
The acquisition comes as McLaren seeks stability after years of financial strain, including challenges brought on by the COVID-19 pandemic. The deal signals a fresh chapter for the iconic brand.
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