Abu Dhabi-based CYVN Holdings has entered into a non-binding agreement with Bahrain Mumtalakat Holding Company (Mumtalakat), Bahrain's sovereign wealth fund, to acquire McLaren’s automotive business.

This potential deal would also see CYVN Holdings acquiring a non-controlling stake in McLaren Group.

An investment vehicle based in Abu Dhabi, CYVN Holdings invests in smart and advanced mobility solutions.

This “transformative investment” from CYVN Holdings is said to provide access to increased capital, advanced engineering expertise and technology, especially in electric vehicles.

Additionally, McLaren will gain from the diverse industry experience of CYVN Holdings’ team, leveraging their previous strategic investments in NIO, Forseven, and Gordon Murray Technologies.

This deal aims to leverage McLaren’s success in elite motorsport and expand “one of the world’s most prestigious range of high-performance vehicles”, supported by a growing network of over 110 retailers across 30 global regions.

The move aligns with Mumtalakat's strategy to optimise and grow its portfolio for sustainable financial returns.

This non-binding agreement follows the McLaren Group's announcement in March that it has completed its capital reorganisation.

As part of this reorganisation, long-term strategic investor Mumtalakat acquired full ownership of the group's share capital by converting all preference shares into ordinary shares.

Recently, McLaren Automotive has formed a collaboration with Divergent Technologies to create advanced suspension hardware for the new McLaren W1, the latest addition to its supercar lineup.

Launched earlier this month, the McLaren W1 succeeds the iconic F1 and P1 models.

It boasts a Formula 1-inspired front suspension system that is seamlessly integrated into the Aerocell carbon fiber monocoque.

Furthermore, McLaren revealed in August that it has selected Atlas Copco as its official smart tooling supplier.

The partnership with Atlas Copco has enabled McLaren to enhance its manufacturing and engineering processes by collaborating with product specialists to refine its operations.

"CYVN Holdings signs non-binding agreement to acquire McLaren’s automotive business" was originally created and published by Just Auto, a GlobalData owned brand.

 

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