20 July 2017
Clifford Chance advises McLaren Group on the combination of McLaren Automotive and McLaren Technology Group
Clifford Chance has advised McLaren Group on the combination of McLaren Automotive – a globally renowned luxury high performance car manufacturer – and McLaren Technology Group, which includes one of the world’s oldest and most successful race teams and a high growth technology business. As part of the transaction, Clifford Chance advised on the financing arrangements, including the issuance of £564 million senior secured notes and a working capital facility. The proceeds from the bond offering were used to acquire Ron Dennis' shareholdings in the McLaren Group as well as repay existing indebtedness.
The Clifford Chance team was led by Finance and Capital Markets partners Michael Dakin, Fabio Diminich and James Butters with support from Claudia Kim and Emily James; and Corporate partners Mark Poulton and Graham Phillips with support from Adnan Doha.