McLaren Automotive

CYVN Holdings, backed by the Abu Dhabi Investment Authority, has acquired a minority stake in McLaren's automotive division from Bahraini state-owned investment vehicle Mumtalakat, in a move to reshape the ownership of the iconic British supercar manufacturer.

Summary of transaction details:

• Value: Undisclosed
• Sector: Luxury Automotive
• Advisor: JP Morgan (advised Mumtalakat)
• Key Entities: Target: McLaren Automotive, Acquirer: CYVN Holdings, Seller: Mumtalakat
• Location: Woking, UK (Target); Abu Dhabi, UAE (Acquirer)

Note: This acquisition is strategically important for McLaren Automotive, providing essential capital for its transition to electrification and advanced technology, and addressing its recent financial challenges and record losses. For CYVN Holdings, it represents a defining moment in its plan to build a leading, globally connected mobility platform.