M&A: British Luxury Yacht Manufacture SUNSEEKER to be acquired by US Lionheart Capital
The Chinese conglomerate, Wanda Group, in a bid to overcome debt, has reportedly agreed to sell the British yacht builder to the US investment firm in a multi-million dollar deal.
The post M&A: British Luxury Yacht Manufacture SUNSEEKER to be acquired by US Lionheart Capital appeared first on LUXUO.
Sunseeker 88 Yacht
Wanda Group, the majority owner of Sunseeker International since 2013, has agreed to sell the Poole-based yacht builder to Miami-based investment firm Lionheart Capital, according to Bloomberg. The news agency stated that “according to people with knowledge of the matter”, Wanda Group and Lionheart had signed a sale-and-purchase agreement. The transaction could close as early as May 2024, depending on British regulatory approval.
Sunseeker has declined to comment on the situation. Last year, Sunseeker CEO Andrea Frabetti announced that the yacht builder had a retail forward order value of GDP 625 million, signalling a continued recovery following a downturn in 2020 due to the pandemic.
Sunseeker Ocean 182
Read More: Sunseeker, Sanlorenzo Building Up to Boot Dusseldorf
Led by founder and CEO Ophir Sternberg, Lionheart is a diversified investment firm focused on “value growth investments”. Lionheart has a wide-ranging portfolio including ventures into private and publicly traded companies, retail and commerce, residential and hospitality, having backed companies including restaurant chain BurgerFi In...
The post M&A: British Luxury Yacht Manufacture SUNSEEKER to be acquired by US Lionheart Capital appeared first on LUXUO.
Sunseeker 88 Yacht
Wanda Group, the majority owner of Sunseeker International since 2013, has agreed to sell the Poole-based yacht builder to Miami-based investment firm Lionheart Capital, according to Bloomberg. The news agency stated that “according to people with knowledge of the matter”, Wanda Group and Lionheart had signed a sale-and-purchase agreement. The transaction could close as early as May 2024, depending on British regulatory approval.
Sunseeker has declined to comment on the situation. Last year, Sunseeker CEO Andrea Frabetti announced that the yacht builder had a retail forward order value of GDP 625 million, signalling a continued recovery following a downturn in 2020 due to the pandemic.
Sunseeker Ocean 182
Read More: Sunseeker, Sanlorenzo Building Up to Boot Dusseldorf
Led by founder and CEO Ophir Sternberg, Lionheart is a diversified investment firm focused on “value growth investments”. Lionheart has a wide-ranging portfolio including ventures into private and publicly traded companies, retail and commerce, residential and hospitality, having backed companies including restaurant chain BurgerFi In...
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