Abu Dhabi’s CYVN Set to Take Stake in UK Sports Carmaker McLaren - Bloomberg

CYVN Holdings LLC, an investment firm backed by Abu Dhabi, has signed a preliminary deal to take a stake in British sports-car maker McLaren and take full control of its automotive business.

The deal with McLaren’s controlling shareholder, Bahrain’s Mumtalakat Holding Co., would bring access to additional capital, advanced engineering expertise and technology, particularly in the field of electric vehicles, CYVN said in a statement Tuesday.