McLaren Automotive is set for a significant ownership change, as Abu Dhabi’s CYVN Holdings prepares to acquire it from Bahrain’s sovereign wealth fund, Mumtalakat. Just months after Mumtalakat took full control of the British supercar manufacturer, it has signed a non-binding agreement with CYVN Holdings, described as a ‘specialist investment vehicle,’ to explore a new partnership. CYVN Holdings will also take a non-controlling stake in McLaren Group (parent entity of both McLaren Automotive and McLaren Racing). On this partnership, the two firms issued a joint statement, saying: “This transformative investment by CYVN Holdings would bring access to additional capital, advanced engineering expertise, and pioneering technology, particularly in the field of electric vehicles,” the two firms said in a joint statement. New Ownership Targets EV ExpansionCYVN Holdings is expanding its automotive reach with McLaren, adding the British supercar brand to an impressive portfolio that already includes stakes in electric carmaker Nio and Gordon Murray Group. The group’s focus on high-performance and electric vehicle technology aligns with McLaren’s own vision, which has increasingly emphasized electric and hybrid innovation in recent years. In a joint statement, CYVN highlighted its intent to support McLaren’s growth in the EV sector. “This partnership would look to build on McLaren’s highly successful track record in elite motorsport and grow one of the world’s most prestigious range of high-performance vehicles, with an expanding network of over 110 retailers in 30 global regions.” Financial details of the acquisition have not been disclosed. However, the announcement comes just weeks after McLaren introduced the W1 hypercar, a twin-turbocharged 4.0-litre V8 hybrid producing 1,258 hp, which will challenge Ferrari’s new F80 in the hypercar arena. Source: McLaren
