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CYVN Holdings, UAE completes McLaren Automotive’s acquisition, Announces turnaround plan and new group structure
d advanced mobility investment firm, announced the consolidation of its British business portfolio, following the successful acquisition of McLaren Automotive and a non-controlling stake in McLaren Racing. The new McLaren Group Holdings Ltd will manage McLaren Automotive, and CYVN’s investment in Forseven, a British electric vehicle manufacturing startup. The Group will also include CYVN’s shareholding in McLaren Racing and the newly formed M...
News Updated at: 2025/04/04
CYVN Holdings, UAE to acquire McLaren’s automotive business from Mumtalakat, Bahrain
rtnership in which CYVN Holdings will acquire full ownership of McLaren’s automotive business as well as a non-controlling stake in McLaren Group. It would allow McLaren to leverage the cross-industry expertise of CYVN Holdings’ team, drawing on their previous strategic investments in NIO Inc., Forseven, and Gordon Murray Technologies. The investment will also bring access to additional capital, advanced engineering expertise, and pioneering ...
News Updated at: 2024/10/30