Abu Dhabi-based CYVN Holdings and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, announced today the successful completion of CYVN’s acquisition of McLaren Automotive and a non-controlling stake in McLaren Racing.
The transaction follows a strategic agreement that CYVN signed in December 2024 with Mumtalakat, marking a significant step in the company’s strategy to build a leading, globally connected mobility platform and unlock McLaren’s full potential in the high-performance automotive sector.
Acquisition highlights Abu Dhabi’s role as an advanced mobility hub
Through this acquisition, CYVN will empower McLaren to reach its full potential by giving it access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel its trajectory.
In December last year, Jassem Mohammed Bu Ataba Al Zaabi, chairman of CYVN Holdings, said, “This acquisition marks a defining moment in CYVN’s vision to build a leading, globally connected mobility platform and underscores Abu Dhabi’s growing role as a global center of excellence for innovation in advanced mobility. By combining McLaren’s iconic heritage and expertise with CYVN’s advanced engineering and technology capabilities, we aim to redefine high-performance mobility and set a new benchmark for excellence.”
As part of its broader vision, CYVN focuses on creating a smart mobility platform by partnering with global industry leaders to deploy capital, engineering and design excellence, leading-edge technology, and experienced leadership in advanced mobility.
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Mumtalakat seeks portfolio boost
The completion of this transaction also aligns with Mumtalakat’s strategy to optimize and enhance its portfolio while ensuring sustainable long-term financial returns. In March last year, Bahrain’s sovereign wealth fund took full ownership of the British supercar company after being its biggest shareholder.
Mumtalakat has been an investor in the group since 2007, when it bought a 30 percent stake from founding shareholders Ron Dennis and Mansour Ojjeh.
“This agreement marks a pivotal moment in Mumtalakat’s strategic vision for the transformation of McLaren Group, which has included its recent reorganization that opened doors for new strategic avenues and partnership opportunities. We are confident in CYVN’s ability to build on McLaren’s strong legacy and unlock its full potential with Mumtalakat continuing to play a strategic role in McLaren having the ability to benefit from future growth,” stated Shaikh Salman bin Khalifa Al Khalifa, minister of finance and national economy and chairman of the board of directors of Mumtalakat, at the signing in December.
