The French Hexis Racing team will close its doors at the end of this month after failing to find a buyer.
Hexis, which won the 2011 FIA GT1 World Championship teams' title, revealed in October that it would have to shut up shop unless a buyer or investor was found to allow it to continue racing at a high level.
Now, the team that ran a pair of McLaren MP4-12Cs in the Blancpain Endurance Series and the French GT Championship in 2013, has announced that the necessary investment has not been found and that it will have to close.
The move follows the withdrawal of funding by its owner, the Hexis adhesives group.
Team manager Philippe Dumas said: "We were close to be doing something strong with McLaren, but it is not a good time to find investment. It is sad, but what can we do?
"When we look back at Hexis Racing, we will see it as 10 friends going around the world and having big success, so maybe it is better to stop and remember it that way."
Hexis Racing was established in 2001 to compete in French Formula Renault.
The team, based at the Ledenon circuit, moved into the GT ranks in 2005 and graduated to the international arena in the FIA GT3 European Championship in 2007 after forging a relationship with Aston Martin Racing that then took it into GT1 World.
Dumas explained that he had already landed employment for next year and that an announcement would be made next week.