After Arrowbolt Propulsion Systems’ acquisition of Fairline Yachts late last year and placing it into administration last month, the British builder is for sale.
Fairline administrators Alvarez and Marsal have secured funding for the business and are seeking a buyer to take the company forward. The additional funding, provided by existing specialist lender DF Capital, will enable Fairline to continue the production and sale of yachts and retain its 250 employees.
“Fairline Yachts is an iconic brand with a committed and passionate team of experts who have established deep relationships with dealers and end-customers over many years,” Michael Magnay, joint administrator to Fairline, said in a statement. “The business is known throughout the world for the quality of its craftsmanship and the innovative design of its yachts. We expect that it could have broad appeal, to international investors as well as domestic.”
Interested parties can contact the administrators at [email protected].
