Twitter LinkedIn
    Sunday, March 26
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Private equity group TPG in exclusive talks to buy McLaren’s iconic Woking HQ
    Deals & Transactions

    Private equity group TPG in exclusive talks to buy McLaren’s iconic Woking HQ

    March 11, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Private equity group TPG is in exclusive talks with supercar maker McLaren over the purchase of the firm’s iconic Woking headquarters. The sale-and-leaseback deal for the property, which would allow the carmaker to continue using it, could be worth around £180m.

    Sales at the auto firm fell 60 per cent last year, with the company making a £312m loss as a result. It was also forced to lay off a quarter of its staff over the summer. Alongside the sale of its headquarters, McLaren has already raised £185m through the sale of a minority stake in its F1 racing team to MSP Sports Capital.

    It is also looking to raise £500m in fresh equity over the next 12 months. The firm has brought on Talk Talk’s finance chief Kate Ferry in order to handle the raise. The move has prompted speculation that the auto maker is considering going public in the near future.

     

    Read More

    Source: City A.M.

    By Edward Thicknesse

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions deals Investments Transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Thyssenkrupp shares move higher on report of CVC interest in steel unit

    March 21, 2023

    BlackRock Not Working on Rival Bid for Credit Suisse

    March 18, 2023

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    Comments are closed.

    Other Articles

    Amazon to buy Carlyle’s primary-care firm One Medical in $3.9B all-cash deal

    July 25, 2022

    Private Equity Has $300 Billion for Pandemic-Hit Real Estate

    March 2, 2021

    Musk exercises more options, sells Tesla shares worth $1.01 bln

    December 3, 2021

    France will be vigilant on post Brexit deal implementation, minister says

    January 1, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?