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🚗 Breaking News in the Automotive World: Abu Dhabi’s CYVN Holdings Makes a Major Move with McLaren! 🔧 CYVN Holdings, a prominent Abu Dhabi-based investment firm, has announced plans to acquire a significant stake in McLaren Group. This strategic investment aims not only to boost McLaren’s financial strength but also grants CYVN Holdings full control over McLaren’s automotive operations, marking a historic shift in the industry. This move could unlock new opportunities for technological innovation, sustainability efforts, and high-performance engineering, merging the luxury and precision that McLaren is known for with the forward-looking ambitions of CYVN. The acquisition showcases Abu Dhabi’s commitment to leading-edge automotive tech and the global luxury sports car market. What impact do you think this acquisition will have on McLaren’s legacy and innovation? #AbuDhabi #InvestmentNews #McLaren #CYVNHoldings #AutomotiveInnovation #LuxuryCars #Investment #WayzAdvisory

#British #supercar manufacturer McLaren Group has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign #wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed #Mumtalakat #Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s #racing division, while CYVN will hold a minority stake in the #overall #business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

Now we know. British supercar manufacturer McLaren has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed Mumtalakat Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s racing division, while CYVN will hold a minority stake in the overall business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. Credits: CTTO, megazettes

Proudly Emirati Car!! British supercar manufacturer McLaren has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed Mumtalakat Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s racing division, while CYVN will hold a minority stake in the overall business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

McLaren Automotive, the renowned British sports car manufacturer, has been acquired by CYVN Holdings, an Abu Dhabi-based investment fund owned by the UAE government. The deal, estimated at £1.2 billion ($2.3 billion AUD), was confirmed by McLaren’s previous owner, Bahrain’s Mumtalakat, which had steadily increased its investment in the company since 2007. The acquisition includes McLaren’s automotive division and a non-controlling stake in its racing business. CYVN Holdings, known for its expertise in advanced mobility, also holds significant stakes in companies like Chinese EV manufacturer Nio and Gordon Murray Technologies, famed for designing high-performance road cars and Formula 1 racing vehicles. This move raises questions about McLaren’s future operations, including whether production will remain in England or shift to the UAE. CYVN has stated its intent to leverage McLaren’s heritage and engineering capabilities to redefine high-performance mobility. For more updates follow @gazettenowofficial or visit www.gazettenow.com #mclaren #uae #gazettenow #trendingnow

SuperCars&more! ■ Abu Dhabi's CYVN Holdings enters non-binding deal to buy McLaren's automotive business! ■ DUBAI, Oct 29 (Reuters) - Abu Dhabi-based investment vehicle CYVN Holdings has entered a non-binding agreement to buy 100% of carmaker McLaren's automotive business from Mumtalakat, the sovereign wealth fund of Bahrain, the two Gulf firms said on Tuesday. Under the potential deal, CYVN Holdings would also acquire a non-controlling stake in McLaren Group," CYVN and Mumtalakat said in a statement, without providing further details. McLaren said in April Mumtalakat had acquired full ownership of the group, which includes the British supercar maker and Formula One team McLaren Racing. "This transformative investment by CYVN Holdings would bring access to additional capital, advanced engineering expertise and pioneering technology, particularly in the field of electric vehicles," the firms said in the joint statement. #McLaren #SuperCar #Automotive

Abu Dhabi-based CYVN Holdings has officially acquired McLaren’s automotive business from Bahrain’s sovereign wealth fund, Mumtalakat, in a $700M deal—reinforcing the strong ties between Abu Dhabi and Bahrain. This strategic acquisition includes a stake in the McLaren Group, opening doors for innovation in high-tech engineering and electric vehicles. In 2023, McLaren generated $1.2B in revenue and produced 20,500 cars, further solidifying its legacy with a prestigious victory at the 2024 Abu Dhabi Grand Prix with Lando Norris. Dubai-based DP World, one of McLaren’s highest-spending sponsors, also gains prominence from this milestone. The signing ceremony saw the presence of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and H.R.H. Salman bin Hamad Al Khalifa, celebrating a shared vision for growth and innovation.  https://lnkd.in/dQd5dxZF 

Abu Dhabi company to acquire McLaren automotive business Abu Dhabi-based CYVN Holdings LLC will acquire McLaren’s automotive business and a non-controlling stake in McLaren’s racing business. This comes under an agreement signed between CYVN, an advanced mobility operator and investment vehicle based in Abu Dhabi, and Bahrain Mumtalakat Holding Company BSC(c) (“Mumtalakat”), the sovereign wealth fund of the Kingdom of Bahrain. he acquisition follows an announcement of a potential partnership between Mumtalakat and CYVN Holdings in October of this year. Through this acquisition, CYVN is set to empower McLaren with access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory. Completion of the transaction remains subject to customary closing conditions and obtaining regulatory approvals. The signing of the agreement was witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain.

🚗 UAE Acquires McLaren Amid Financial Turmoil 🚗 In a landmark deal, the UAE's sovereign wealth fund has acquired McLaren's automotive business following the British supercar maker's record annual loss of £924 million in 2023. The acquisition, led by CYVN Holdings and witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, aims to redefine high-performance mobility and secure McLaren's future. This strategic move highlights the UAE's commitment to diversifying its economy and investing in cutting-edge technology and innovation. With McLaren's iconic heritage and CYVN's advanced engineering capabilities, the partnership is set to set new benchmarks for excellence in the automotive industry. Read the full article in the following link: https://lnkd.in/dvxn4Efw #AutomotiveIndustry #Innovation #UAE #McLaren #BusinessNews

McLaren gets a new owner with big plans for the future. A potential deal between the Abu Dhabi government-owned investor and the manufacturer was first announced in October 2024, and the ink dried on the agreement on December 8th. However, while the deal has been signed, it will be completed subject to customary closing conditions and obtaining regulatory approvals. Once the deal goes through, CYVN Holdings and McLaren believe the new partnership will “empower McLaren to reach its full potential via access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory.“ https://buff.ly/41t0BRc