Aug 5, 2021
Greybull Capital acquires applied business division of McLaren Group
Following a strategic review to focus the company’s growth as a global luxury supercar and elite motorsport business, McLaren Group has agreed to sell its Applied business division to Greybull Capital.
The business will continue to be led by McLaren Applied’s current management team and to service its existing customer base with Greybull’s investment enabling the company to further expand on its current business strategy.
The divestment of Applied further enhances McLaren Group’s strategic focus on supercar manufacturing and elite motorsport, with Automotive as the core profit driver. It builds on the Group’s recent equity raise and launch of a comprehensive debt refinancing, as well as the successful introduction of minority investment into McLaren Racing last year.
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