{"id":102295,"date":"2025-04-04T00:00:00","date_gmt":"2025-04-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/cyvn-completes-acquisition-of-mclaren-automotive-merges-british-automotive-businesses-under-new-entity\/"},"modified":"2025-04-04T00:00:00","modified_gmt":"2025-04-04T00:00:00","slug":"cyvn-completes-acquisition-of-mclaren-automotive-merges-british-automotive-businesses-under-new-entity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/04\/cyvn-completes-acquisition-of-mclaren-automotive-merges-british-automotive-businesses-under-new-entity\/","title":{"rendered":"Cyvn completes acquisition of McLaren Automotive, merges British automotive businesses under new entity"},"content":{"rendered":"

Cyvn now owns McLaren\u2019s automotive business, consolidates British automotive <\/strong>portfolio: <\/strong>Cyvn Holdings<\/a>, an Abu Dhabi-owned advanced mobility investment firm, completed its acquisition of UK luxury sports car marker McLaren\u2019s automotive business and a minority stake in its racing arm, McLaren Racing, according to a press release (pdf)<\/a>.<\/p>\n

The acquisition will see Cyvn consolidate its British businesses<\/strong> by merging McLaren Automotive and British EV startup Forseven<\/a> under its new entity, McLaren Group Holdings. The group will also include Cyvn\u2019s stake in McLaren Racing and the newly formed McLaren Licensing. <\/p>\n

Refresher: <\/strong>This acquisition follows the signing of a non-binding agreement between Bahraini sovereign wealth fund Mumtalakat and Cyvn in October<\/a> to explore acquiring the company.<\/p>\n

Big plans for McLaren Automotive: <\/strong>Cvyn plans to use its investments \u2014 not only in Forseven, but also in Chinese EV manufacturer Nio<\/a> \u2014 to expand McLaren Automotive\u2019s portfolio into new product categories, with details set to be announced later this year. This could include a new SUV, following in the footsteps of luxury car manufacturing rivals like Lamborghini and Ferrari, people familiar with the matter told the Financial Times<\/a>. <\/p>\n

Other changes in the cards:<\/strong> The current CEO of Forseven Nick Collins will assume the role of Group CEO for the new holding company.<\/p>\n

Background: <\/strong>While McLaren is a huge player in the supercar market, it has been making losses for the past five years, and has been in talks with carmakers for a partnership and new funding in order to develop new models for a while, the FT said. <\/p>\n","protected":false},"excerpt":{"rendered":"

Cyvn is planning a turnaround for McLaren, which includes possibly entering into the SUV market<\/p>\n","protected":false},"author":1,"featured_media":102296,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[895,552,7,1342,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-automotive","tag-cyvn-holdings","tag-enterpriseam-uae","tag-investment","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"216d8627-f465-4379-85ef-d8c78f3409ab","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2669.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cyvn completes acquisition of McLaren Automotive, merges British automotive businesses under new entity","related_issue":[102288],"teaser":"Cyvn is planning a turnaround for McLaren, which includes possibly entering into the SUV market","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.4685174b-7927-4dc1-bd31-8757bc4c7577.mp3"},"yoast_head":"\nCyvn completes acquisition of McLaren Automotive, merges British automotive businesses under new entity - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/04\/cyvn-completes-acquisition-of-mclaren-automotive-merges-british-automotive-businesses-under-new-entity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyvn completes acquisition of McLaren Automotive, merges 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