Since March 2024, McLaren Group has been owned by Mumtalakat - a Bahraini sovereign wealth fund. However, according to Car Scoops, Mumtalakat has recently signed a non-binding agreement to transfer all of its shares in McLaren Automotive to CYVN Holdings - a large investment group based in Abu Dhabi. No detailed financial information about this agreement has been disclosed.
CYVN Holdings, the largest shareholder of Chinese electric carmaker Nio, has expressed interest in expanding its influence in the automotive sector.
The group believes that the acquisition of McLaren Automotive will help the British brand access new capital, enhance its technical expertise and pioneering technology, especially in the field of electric vehicles, which is a mainstream trend in the automotive industry.
In a recent statement, CYVN Holdings stressed that this partnership will contribute to building on McLaren's solid foundation of success in professional racing, while supporting the development of world-renowned high-performance cars.
McLaren currently has more than 110 dealers worldwide. CYVN's goal is not only to expand McLaren's network but also to help the brand strengthen its position in the high-performance car competition.
For Mumtalakat, Bahrain's sovereign wealth fund, the deal is also in line with its strategy to optimize and grow its portfolio to deliver stable long-term financial returns.
The deal comes just three weeks after McLaren unveiled its W1, a car powered by a 4.0-liter twin-turbo V8 engine and a hybrid system that produces a combined output of 1,258 horsepower and 1,340 Nm of torque. It will be a formidable rival to the Ferrari F80, another high-performance car unveiled earlier this month.
