British boatbuilder Sunseeker International yesterday announced that it was acquired by Orienta Capital Partners (as an advisor to FARO Alternative investments) and Lionheart Capital.
Financial terms of the transaction were not disclosed.
“We are thrilled to start this new journey alongside Sunseeker,” FARO chairman and new Sunseeker chairman Giancarlo Galeone said in a statement. “Our strong expertise in the yachting industry combined with our long-lasting relationship with its CEO will allow us to further enhance the British identity and craftsmanship, driving the brand toward ambitious goals.”
Sunseeker will remain a British company, based in Poole, where the primary production, workforce and infrastructure are concentrated.
“We are confident that, under the new leadership, Sunseeker will thrive and reach new heights,” Sunseeker CEO Andrea Frabetti said in the statement. “Our goal remains to deliver exceptional yachts that embody luxury, performance and innovation, while honoring the legacy and vision of our founders.”
Sunseeker last year generated approximately $328 million in aggregate sales.
“We are excited to welcome Sunseeker Yachts into the Lionheart Capital family,” Lionheart founder and CEO, and now Sunseeker co-owner, Ophir Sternberg said in the statement. “This acquisition represents a strategic investment in a brand with a storied history, including as James Bond’s yacht maker, and a bright future. Lionheart understands the unique dynamics of the luxury yacht industry, and I am confident in Sunseeker’s potential for growth and innovation.”
