Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, and Abu Dhabi’s CYVN Holdings (CYVN) have announced the successful completion of CYVN’s acquisition of McLaren Automotive and a non-controlling stake in McLaren Racing.
This announcement follows the strategic agreement signed by Mumtalakat and CYVN in December 2024, which was subject to customary closing conditions and the obtaining of regulatory approvals.
This landmark acquisition represents a key step in CYVN’s strategy to establish a leading, globally connected mobility platform and unlock McLaren’s full potential in the high-performance automotive sector.
At the time of acquisition announcement in 2024, Jassem Mohammed Bu Ataba Al Zaabi, Chairman of CYVN Holdings, stated that, “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 center of excellence for innovation in advanced mobility.”
Additionally, the completion of this transaction falls in line with Mumtalakat’s strategy to optimize and enhance its portfolio, while ensuring sustainable long-term financial returns.
The deal highlights both parties’ shared commitment to driving innovation and performance in the high-performance automotive industry. By integrating McLaren’s expertise with CYVN’s advanced engineering and technology capabilities, they seek to transform high-performance mobility and set a new benchmark for excellence.
CYVN Holdings is an advanced mobility operator and investment vehicle owned by the Abu Dhabi Government. It focuses on investing in and teaming with global industry leaders to support innovators and expanding businesses in the mobility sector.
