Global law firm Norton Rose Fulbright has advised McLaren Group on the £203.8 million investment from Canadian businessman, Michael Latifi.
The investment, which will be made over the coming year through Nidala Limited, a company controlled by Michael Latifi, will give Mr Latifi a 10 per cent shareholding in the McLaren Group, which also includes McLaren Automotive and McLaren Applied Technologies.
Claire O’Donnell, partner, Norton Rose Fulbright commented:
“We are always delighted to work with McLaren. This injection of capital is a really exciting development for McLaren in terms of their future strategy and growth”.
Norton Rose Fulbright has acted for McLaren since 2014. Over the last 12 months the firm has advised them on a range of matters including the F1 team’s switch in engine supply from Honda to Renault, regulatory, corporate and IP matters.
The Norton Rose Fulbright team was led by corporate partner Claire O’Donnell, with assistance from associate Sam Morrey. The team also included partners Neha Khosla and Peter Young and senior associate Vishal Mawkin.
Norton Rose Fulbright has long-standing experience providing both transactional and regulatory advice in the sports sector and have advised clients on sports-related transactions around the world.
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Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.