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McLaren gets $760m from investors including Saudi wealth fund PIF

McLaren gets $760m from investors including Saudi wealth fund PIF Gulfbusiness.com 16 hrs ago © Motivate Publishing mclaren650s18048 McLaren Group obtained $760m in funding from investors including Saudi Arabia’s sovereign wealth fund as the supercar maker and racing team owner tries to recover from the impact of the coronavirus pandemic. Funds managed by Ares Management and Saudi Arabia’s Public Investment Fund have committed to invest 400m pounds ($550m) in the form of preference shares and equity warrants. Existing shareholders, including sovereign wealth fund Mumtalakat and a limited number of new private investors, are set to invest 150m pounds in the form of convertible preference shares.

McLaren Gets $760 Million From Investors Including Saudi Fund

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British supercar maker McLaren raises $758m from Saudi Arabia s PIF, Ares

British supercar maker McLaren raises $758m from Saudi Arabia s PIF, Ares
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