This week, British hypercar maker McLaren Automotive welcomes a new investor from Singapore. Billionaire Peter Lim who was in the Liverpool football club takeover bid last year has invested an undisclosed sum into McLaren. The son of a fishmonger, who went on to become one of the richest man in Singapore now joins McLaren chairman Ron Dennis, TAG founder Mansour Ojjeh and Bahrain Mumtalakat Holding Company as owners of McLaren and Board of Directors.
Ron Dennis said, “On behalf of the McLaren Automotive board, I welcome Peter Lim to McLaren and look forward to working closely with him as our company expands into the Asia region. This is a very exciting time for us and, as part of our growth strategy, we have been absolutely rigorous in ensuring that the right partners join us; those who are focused on supporting McLaren Automotive through investment that generates strong returns and strategic growth for the future.
Peter Lim’s track record in Asia as a highly respected business leader adds further quality to our board in this highly competitive business environment at an exciting time for the company.”
Peter Lim, who is also the second-largest investor in fashion distributor, FJ Benjamin, hopes to help McLaren Automotive expand into the Asian market with its new MP4-12C. The British automaker is expanding its network of 35 dealerships in 19 countries including Hong Kong, Japan and Singapore.