CYVN Holdings LLC, the Abu Dhabi advanced mobility investment vehicle, announced the consolidation of its portfolio of British businesses after the successful completion of the acquisition of McLaren Automotive and a non-controlling stake in McLaren Racing.
The new McLaren Group Holdings Ltd will oversee the combined business of McLaren Automotive and CYVN’s anchor investment in the UK, Forseven. The new Group will also include CYVN’s shareholding in McLaren Racing and the newly formed McLaren Licensing business.
McLaren Automotive will benefit from CYVN’s strategic investment in NIO, to deliver access to visionary technologies and electrification, in addition to three years of stealth mode development from the team at Forseven. This development process has leveraged Gordon Murray Technologies, following its strategic acquisition by CYVN Holdings in 2023 to accelerate CYVN’s engineering and lightweighting expertise.
As a clear demonstration of the Group’s intent to move at pace, McLaren Automotive’s portfolio will be expanded into new product categories, details of which will be announced later this year.
Nick Collins, currently CEO of Forseven, will assume the role of Chief Executive Officer of McLaren Group Holdings.
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15 April 2025