Abu Dhabi: CYVN Holdings LLC, an advanced mobility operator and investment vehicle based in Abu Dhabi, along with Bahrain Mumtalakat Holding Company BSC(c) (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, have announced the successful completion of CYVN's acquisition of McLaren Automotive and a non-controlling stake in McLaren Racing.

According to Emirates News Agency, this achievement comes after CYVN entered into a strategic agreement with Mumtalakat in December 2024, which required customary closing conditions and regulatory approvals to be met. This transaction is a pivotal development in CYVN's pursuit to establish a globally connected mobility platform, aiming to maximize McLaren's capabilities within the high-performance automotive sector.

The completion of the acquisition also supports Mumtalakat's objectives to refine and strengthen its investment portfolio while securing sustainable, long-term financial returns.