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A&O Shearman advises CYVN Holdings on its strategic partnership in respect of McLaren

Published Date
Dec 12 2024
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A&O Shearman has advised CYVN Holdings LLC (“CYVN”), an advanced mobility operator and investment vehicle based in Abu Dhabi, on a strategic partnership with Bahrain Mumtalakat Holding Company BSC(c) (“Mumtalakat”) pursuant to which CYVN will acquire McLaren’s automotive business and a non-controlling stake in McLaren’s racing business. Completion of the transaction remains subject to customary closing conditions and obtaining regulatory approvals.

The transaction 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, whilst also enabling Mumtalakat to continue to play a strategic role in McLaren with the ability to benefit from future growth.

David Foster, who led the A&O Shearman team advising CYVN, commented: “We are delighted to have supported CYVN on this landmark transaction and look forward to witnessing the next phase of the growth and evolution of McLaren.”

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