Abu Dhabi-based investment vehicle CYVN Holdings and Bahrain’s Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have announced the completion of their acquisition of McLaren Automotive, along with a non-controlling stake in McLaren Racing. This announcement follows the fulfillment of customary closing conditions and the receipt of necessary regulatory approvals to finalize the deal.

The firms stated that this milestone is a significant step in CYVN’s strategy to create a leading, globally connected mobility platform, which will help unlock McLaren’s full potential in the high-performance automotive sector. The acquisition aligns with Mumtalakat’s strategy to optimize and enhance its portfolio while aiming for sustainable long-term financial returns.

Details regarding this acquisition were first reported in October of the previous year. A Reuters report noted that in April 2024, McLaren had confirmed that Mumtalakat acquired full ownership of the group, which includes both the British supercar manufacturer and the Formula One team, McLaren Racing. The firms emphasized that this transformative investment by CYVN Holdings would provide access to additional capital, advanced engineering expertise, and pioneering technology, particularly in the electric vehicle sector.