Ashurst, Latham & Watkins, Kirkland & Ellis and Allen & Overy have taken pole position on a multi-million pound investment and equity raise for British supercar manufacturer McLaren, a year after the business undertook a corporate restructuring.

Ashurst is reprising a role for McLaren Group as the luxury car maker has secured a $620 million refinancing and £550 million equity investment. The firm led McLaren through a major corporate restructure programme which included 800 job losses in May 2020 at the height of the COVID-19 pandemic.