Bahrain’s sovereign wealth fund is taking full ownership of McLaren Group, one of the most revered names in British premium manufacturing , as part of long-term plans to secure a partnership with a global industry giant. Sky News has learnt that Mumtalakat, the Gulf state's investment fund, is on the brink of a deal with McLaren's remaining minority shareholders to convert their equity into warrant-like instruments. The new contracts will have the economic rights to benefit from a future 'liquidity event' such as an initial public offering of McLaren, but would not be classed as shares. One banking source said they expected that…
