CYVN Completes Acquisition of McLaren Automotive
Deal News | Apr 03, 2025 | Zawya
CYVN Holdings LLC, based in Abu Dhabi, and Bahrain Mumtalakat Holding Company have confirmed the completion of CYVN's acquisition of McLaren Automotive, along with a minority stake in McLaren Racing. The transaction follows a strategic agreement from December 2024 between CYVN and Mumtalakat, contingent on meeting standard closing conditions and regulatory approvals. This acquisition is a strategic initiative for CYVN to establish a formidable presence in the global mobility sector, enhancing the potential of McLaren in the high-performance automotive industry. Concurrently, the deal supports Mumtalakat's objective to refine its asset portfolio for sustainable financial growth.
Sectors
- Automotive
- Investment Management
Geography
- United Arab Emirates – CYVN Holdings LLC is based in Abu Dhabi, making the UAE a key geographical focus in the transaction.
- Bahrain – Bahrain Mumtalakat Holding Company, involved in the acquisition, is the sovereign wealth fund of Bahrain.
- United Kingdom – McLaren Automotive, the target of the acquisition, is a UK-based high-performance automotive company.
Industry
- Automotive – The article revolves around the acquisition of McLaren Automotive, a company in the high-performance automotive sector.
- Investment Management – The participants, CYVN Holdings and Bahrain Mumtalakat Holding Company, are involved in strategic investment and wealth management, playing an essential role in this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CYVN Holdings LLC | Bidding Company | Company | An Abu Dhabi-based advanced mobility operator and investment vehicle. |
| Bahrain Mumtalakat Holding Company BSC(c) | Selling Company | Company | The sovereign wealth fund of the Kingdom of Bahrain. |
| McLaren Automotive | Target Company | Company | A high-performance automotive manufacturer based in the United Kingdom. |
| McLaren Racing | Other Company | Company | Part of the McLaren Group involved in racing, with a non-controlling stake acquired. |