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How billionaire is using financial muscle for racial equity

How billionaire is using financial muscle for racial equity
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How billionaire is using financial muscle for racial equity

How billionaire is using financial muscle for racial equity
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The Brief: Outcome payments in Latin America, social impact bond in India, Kaepernick's SPAC, clean steel, innovations for workers

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Phoenix firm joins investment into McLaren Formula 1 auto racing team


Phoenix firm joins investment into McLaren Formula 1 auto racing team
Steven Tee/Provided by McLaren
Phoenix private investment firm The Najafi Cos. has joined with two other companies to gain a significant minority stake in British Formula 1 team McLaren Racing.
By:
Jeff Gifford - Phoenix Business Journal
Posted at 10:24 AM, Dec 17, 2020
and last updated 2020-12-17 12:24:45-05
PHOENIX — Phoenix private investment firm The Najafi Cos. has joined with two other companies to gain a significant minority stake in British Formula 1 team McLaren Racing with an aim to make it a regular championship contender.
The Najafi Cos. — together with lead partner MSP Sports Capital and UBS O’Connor LLC — will invest a total of 185 million pounds (about $248.5 million) to gain an initial 15% stake in the team in the transaction, which values McLaren Racing at 560 million pounds ($752.2 million). That’s expected to increase to ....

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