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Private equity group targets $249m McLaren HQ deal

A sale-and-leaseback of the spectacular Surrey site could be finalised as soon as this month. The site, which is also the de facto home of McLaren F1, is being sold in a bid to raise funds for the car manufacturer - who were hit hard by the COVID-19 pandemic.

McLaren Technology Cente
To news overview © McLaren

Private equity group TPG is the front runner in the race to acquire the famous headquarters of the McLaren Group - from which its Formula 1 team is also based.

According to Sky News, TPG - who are one of the world's biggest buyout firms - is in exclusive talks to purchase the scenic Woking site for a fee believed to be in the region of $249 million.

The deal will enable McLaren to continue occupying its current home, whilst also raising money to strengthen its finances - which have been massively impacted by the COVID-19 pandemic.

While the transaction could be finalised as early as next month, it isn't expected to impact the day-to-day functioning of the F1 team.

McLaren head into the 2021 season full of hope and expectation, after finishing third in the constructors' standings last year.

Powered this time by Mercedes engines, Zak Brown's team is expected to impress once again.


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