UK SUNSEEKER Group sold ?
Bloomberg, one of New York’s leading business news broadcasters, broke the news this morning (April 11).
Sunseeker, a major yacht manufacturer based in England, still ranked among the world’s leading luxury yacht manufacturers (almost always in the top 5), is to be sold to a New York-based financial group called LIONHEART CAPITAL.
The Sunseeker range is detailed as follows (from 38 ft to over 164 ft):
– Superyacht
– Ocean Yachts
– Yachts and Sport Yachts
– Predator
– Manhattan
– Performance
One of Sunseeker’s current owners is a Chinese group called Dalian Wanda Group, which acquired over 92% of the shares in 2013 based on the luxury appetite of China’s new millionaires. But this group has recently been experiencing certain difficulties linked to the mortgage market in China, which is currently unstable.
It’s worth remembering another equally important transaction when the Ferretti Group (based in Italy) was acquired by a Chinese conglomerate called Weichai Group in 2012.
Today, this group is doing just fine.
It remains to be seen what will happen in the market with this new owner. Sunseeker is a very popular manufacturer, all over the world, but especially in Europe.
Remember, James Bond always rides a Sunseeker.
DISCLAIMER
The article presented on this page is for information purposes only. This information is provided as editorial (i.e. opinion). The information presented in this article is presented in good faith and, while believed to be correct, is not guaranteed. Ita Yachts Canada does not warrant or assume any legal liability or responsibility for the accuracy, completeness or usefulness of the information and/or images displayed, as they do not suggest anything in relation to this article, indeed no association can be made with respect to the images and the article. All information in this article is subject to change without notice and is without warranty. It is the reader’s responsibility to verify the descriptions and statements contained in this article. The brokers at Ita Yachts Canada assume no responsibility for any conclusions the reader may draw. The purpose of this article is to promote boating in all its forms. It gives one point of view among many. Any reproduction of this article is prohibited.
