Canadian businessman Lafiti invests $350mn in Mclaren Group

By zaymalz malz

The McLaren Group has confirmed that Michael Lafiti, a highly regarded Canadian businessman, has invested £203.8mn (CAD$350.25mn) in the firm through his Nidala company.

The investment will see Lafiti becoming a 10% shareholder in the McLaren Group that includes the McLaren Formula 1 team, the road car company and the Applied Technologies division.

See also:

“I have been an admirer of the McLaren brand and its businesses for some time,” Lafiti said. “McLaren is a unique organization in automotive, racing and technology with exciting long-term growth prospects, which is why I have made this investment. I am proud to be part of McLaren and this incredible brand.”

McLaren states that the funds will significantly strengthen the company’s balance sheet and support its ambitious growth plans.

“This injection of capital is a vote of confidence in our future strategy and the group remains as focused as ever in positioning for growth,” said Shaikh Mohammed bin Essa Al Khalifa, McLaren Group Executive Chairman. “We are delighted Michael Latifi has joined the McLaren family.”

Lafiti’s son Nicholas currently competes as a driver in Forumla Two, also acting as Force India’s reserve driver.


Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox


Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business