CYVN Holdings and Mumtalakat are committed to optimising McLaren’s portfolio to ensure sustainable long-term financial returns, positioning the company for continued success
McLaren Group has entered into a definitive binding agreement with CYVN Holdings (CVYN), an advanced mobility operator and investment entity based in Abu Dhabi, and Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain.
The agreement will see CYVN acquire McLaren’s automotive business, alongside a non-controlling stake in McLaren’s racing division.
The signing ceremony was witnessed by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and the Crown Prince and Prime Minister of Bahrain Salman bin Hamad Al Khalifa.
The deal is expected to propel McLaren’s growth trajectory, particularly in the rapidly evolving advanced mobility sector. However, the transaction remains subject to customary closing conditions and regulatory approvals.
This milestone follows a series of partnership discussions between CYVN and Mumtalakat, which began in October.
The acquisition is a key step in both companies’ shared vision to redefine high-performance mobility and accelerate innovation in engineering and design.
Strengthening McLaren’s potential
Jassem Mohammed Bu Ataba Al Zaabi, chairman of CYVN Holdings, expressed enthusiasm about the partnership, highlighting the strategic importance of the acquisition. “This acquisition marks a defining moment in CYVN’s vision to build a leading, globally connected mobility platform,” he said. “By combining McLaren’s iconic heritage with CYVN’s advanced engineering and technology capabilities, we aim to redefine high-performance mobility and set a new benchmark for excellence. This partnership underscores Abu Dhabi’s growing role as a global centre of excellence for innovation in advanced mobility.”
The move is expected to enhance McLaren’s capabilities in both automotive engineering and cutting-edge technology, as the company continues to push the boundaries of high-performance vehicles.
CYVN’s advanced engineering expertise and leadership will enable McLaren to unlock new growth opportunities and accelerate its innovation in the evolving mobility sector.
A strategic shift for Mumtalakat
Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and chairman of Mumtalakat’s Board of Directors, also shared his optimism about the deal. “This agreement marks a pivotal moment in Mumtalakat’s strategic vision for McLaren,” he stated. “Our recent reorganisation has paved the way for new strategic avenues and partnership opportunities. With CYVN’s advanced engineering capabilities and forward-looking vision, we are confident they are the perfect partner to unlock McLaren’s full potential and drive the next phase of the company’s growth.”
While CYVN will take a controlling role in McLaren’s automotive division, Mumtalakat will continue to play an important strategic role in the company’s future, ensuring that McLaren remains well-positioned for long-term growth and success.
By bringing together McLaren’s world-renowned automotive heritage with CYVN’s advanced mobility capabilities, the deal is poised to set new standards for high-performance vehicles and accelerate the transition to future mobility solutions.
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