Sunseeker Yachts announced it has secured new owners through a debt purchase from existing lenders by a consortium led by KCP, in partnership with Lionheart Capital. The deal is expected to close this week.
KCP is expected to enter an agreement to purchase 100% of Sunseeker shares, a statement said. As part of the transition, interim CEO Scott Millar will be replaced by Andrés Rubio.
“I have long admired Sunseeker as the pinnacle of luxury yacht building, and its heritage genuinely sets it apart,” Rubio said in the statement. “It is an honor to be leading the business at such an exciting time and with a clear path to transformative growth.”
Andrés has a 30-year track record in commercial leadership and business transformation across the U.S., Europe and Asia. He most recently was CEO of Intrum, a publicly listed credit-management business, and prior to that was a senior partner at Apollo Management International.
