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McLaren Racing sold a minority stake to a group of investors led by MSP Sports Capital, and including Phoenix investment firm The Najafi Companies and hedge fund UBS O’Connor

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McLaren Racing sold a minority stake to a group of investors led by MSP Sports Capital, and including Phoenix investment firm The Najafi Companies and hedge fund UBS O’Connor.

The transaction values McLaren Racing, the Surrey-based British motor racing team, at about £560m, according to people familiar with the matter.

McLaren sells racing unit stake to MSP Sports, UBS hedge fund in deal valuing firm at £560m

Trista Kelley

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