MSP Sports Capital Invests In McLaren Racing

Posted on 12/13/2020

McLaren Group signed a deal to sell as much as 33% of its racing unit (McLaren Racing) to a consortium of U.S.-based investors led by New York-based MSP Sports Capital. The other two investors in the buying group are The Najafi Companies and UBS O’Connor. The transaction values McLaren Racing at £560 million. MSP Sports Capital will invest £185 million in McLaren Racing to acquire an initial 15% stake, which will rise to a maximum of 33% by the end of 2022, McLaren said in a statement. McLaren Racing was founded by New Zealand racing driver Bruce McLaren in 1963.

McLaren Group, which includes Automotive and Racing divisions as well as an applied technologies unit, is majority-owned by Bahrain Mumtalakat Holding Company.

Recent MSP investments include stakes in Agrupación Deportiva Alcorcon S.A.D., Waasland Beveren, which plays in the Belgian Jupiter League, a Spanish football team based in Madrid, and Estoril Praia Futebol SAD, a Portuguese sports club based in Lisbon which is currently in first place in the LigaPro.

UBS O’Connor is UBS Asset Management’s global single-manager hedge fund platform, offering both multi-strategy and standalone capabilities, with USD 7.1 billion in assets under management as of November 1, 2020.

The Najafi Companies is an entrepreneurially-driven private investment firm which makes highly selective investments across industries with significant holdings in consumer, sports, media, ecommerce, retail, and technology.

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