McLaren secures £550million of new investment

The McLaren Group has been given a vital cash injection to the tune of £550million

McLaren 765LT nose

McLaren’s road and racing car divisions have received a fresh round of investment, with a new £550million cash injection from both new and existing investors. This comes after the sale of McLaren’s Foster and Partners-designed HQ in Woking, to help negate the impact felt by McLaren due to the global pandemic and the large-scale investment of both a new hybrid powertrain still in final development found in the new Artura supercar. 

Of the total investment, £400million has been derived from new investment funds managed by the Private Equity and Credit Groups of Ares Management Corporation and Public Investment Fund (PIF) in exchange for Preference Shares and equity Warrants. The remaining £150million will come from McLaren’s existing shareholders, including Mumtalakat and the National Bank of Bahrain.

> New McLaren Artura revealed – all-new hybrid supercar to rival Ferrari F8 Tributo

McLaren’s financial standing took a big hit due to the global pandemic, which was extrapolated by the loss of key motorsport contracts that were key drivers of revenue. After securing short-term emergency capital through the sale of its Woking HQ, and the selling of a minority stake of the F1 team last year, this new round of investment aims to secure McLaren’s long-term growth. 

Artura

Paul Walsh, McLaren Group Executive Chairman said: “With these strong foundations now in place, we are well positioned to achieve our ambitions as a global luxury supercar and elite motorsport business, with Automotive as McLaren’s core profit driver.” 

So with new funding on board and the imminent launch of its next-generation Artura hybrid, McLaren’s future is firming back up after a difficult 18 months.

Recommended

McLaren 765LT Spider 2022 review – not just a drop-top 765LT, but a better 765LT
McLaren 765LT Spider – flames
McLaren 720S

McLaren 765LT Spider 2022 review – not just a drop-top 765LT, but a better 765LT

The new 765LT Spider absolutely delivers by refining the Coupe’s intense capability, creating the ultimate open-top experience
3 Dec 2021
No truth in reports of McLaren sale to Audi
McLaren 765LT
McLaren

No truth in reports of McLaren sale to Audi

Contrary to some reports, the McLaren Group has not been sold to Audi
15 Nov 2021
Ferrari 812 Competizione 2021 review – a front-engined V12 crescendo
Ferrari 812 Competizione – evo cornering header
Ferrari 812 Superfast

Ferrari 812 Competizione 2021 review – a front-engined V12 crescendo

The Ferrari 812 Competizione doesn’t just thrill on account of its staggering engine, but also its engaging and approachable chassis
10 Nov 2021
First batch of Nissan GT-R50 by Italdesign ready for delivery
Nissan GT-R50 by Italdesign customer cars –
Nissan GT-R coupe

First batch of Nissan GT-R50 by Italdesign ready for delivery

The rare, hand-built Nissan GT-R50 by Italdesign is now heading out to customers
3 Nov 2021

Most Popular

Aston Martin V12 Vantage officially coming in 2022
V12 Vantage teaser
Aston Martin Vantage

Aston Martin V12 Vantage officially coming in 2022

Aston Martin’s dreamy small body/big engine combo is back, a new V12 Vantage is coming next year
1 Dec 2021
Morgan shows off new 3 Wheeler in designer sketches
Morgan 3 Wheeler prototype 1
Morgan 3 Wheeler

Morgan shows off new 3 Wheeler in designer sketches

Morgan's given us a look ahead at its new 3 Wheeler
2 Dec 2021
Audi RS3 2021 review - Audi Sport set to take on AMG’s A45S
Audi RS3 review 2021
Audi RS3

Audi RS3 2021 review - Audi Sport set to take on AMG’s A45S

Audi’s new RS3 hyper hatch finally gets the technology to take on AMG’s range-topper
22 Nov 2021