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Bahrain's sovereign wealth fund
- Bahrain's sovereign wealth fund has taken full ownership of the McLaren Group, which builds high-end sportscars and owns a majority stake in the McLaren F1 team.
www.bbc.com/news/business-68639320
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The group announced in December 2020 that American investment firm MSP Sports Capital had purchased 15% of McLaren Racing, as part of a deal that would see them grow their stake to 33% by the end of 2022. The £185 million investment valued the team at £560 million.
Dec 19, 2023 · McLaren Racing, the division which directly houses the F1 and other racing operations, does have its own external shareholders following a deal struck during the pandemic to raise capital.
Mar 25, 2024 · In addition to the sports-car manufacturer, the McLaren Group owns a majority stake in McLaren Racing, which owns teams in the Formula 1, IndyCar, Formula E, and Extreme E racing series.
- jack.fitzgerald@hearst.com
- Associate News Editor
Mar 22, 2024 · Bahrain Mumtalakat Holding Company is now the sole shareholder in McLaren Group after a recapitalisation of one of Britain’s most famous automotive names, Sky News understands.
2 days ago · A Michigan-born car nut and racing enthusiast, Zac Palmer is probably somewhere talking about or thinking about cars. He bought his first when he was still 15, a 2001 Acura Integra GS-R that still ...
Mar 23, 2024 · It has been confirmed that the McLaren Group, majority shareholder of McLaren Racing, is now fully owned by Bahrain's sovereign wealth fund.
3 days ago · Abu Dhabi-based CYVN Holdings has entered into a non-binding agreement to acquire 100% of McLaren Automotive. If the deal goes through, it will be the brand's second owner in less than seven months. As part of the new agreement, CYVN Holdings would also acquire a minority stake in the McLaren Group, which also includes the racing division.