British supercar maker McLaren raises $758m from Saudi Arabia's PIF, Ares

British supercar maker McLaren raises $758m from Saudi Arabia's PIF, Ares

FILE PHOTO: Cars drive past the King Abdullah Financial District, north of Riyadh, Saudi Arabia, March 1, 2017. REUTERS/Faisal Al Nasser/File Photo

The McLaren Group announced a 550 million pound ($758 million) equity investment on Friday with much of it coming from Saudi Arabia’s Public Investment Fund (PIF) and global investment firm Ares Management.