Abu Dhabi’s CYVN Holdings has acquired McLaren’s automotive division and a non-controlling stake in its racing unit from Bahrain’s sovereign wealth fund, Mumtalakat. The transaction is pending customary closing conditions and regulatory approvals.
This move aims to provide McLaren with enhanced engineering capabilities, advanced technology, and experienced leadership to bolster its growth trajectory. HE Jassem Mohammed Bu Ataba Al Zaabi, Chairman of CYVN Holdings, stated, “This acquisition marks a defining moment in CYVN’s vision to build a leading, globally connected mobility platform and underscores Abu Dhabi’s growing role as a global centre of excellence for innovation in advanced mobility.”
HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of Mumtalakat, added, “This agreement marks a pivotal moment in Mumtalakat’s strategic vision for the transformation of McLaren Group… We are confident in CYVN’s ability to build on McLaren’s strong legacy and unlock its full potential.”
CYVN Holdings, an Abu Dhabi government-owned investment firm, focuses on smart mobility solutions and has previously invested in companies like NIO Inc., Forseven and Gordon Murray Technologies. Mumtalakat, which acquired full ownership of McLaren Group in March 2024, aims to optimize its portfolio for sustainable long-term financial returns.
The acquisition reflects a broader trend of Gulf investment entities expanding their presence in the global automotive sector, leveraging substantial financial resources to acquire and develop high-performance automotive brands. This strategy aligns with regional goals to diversify economies and establish leadership in advanced mobility technologies.
