UK - 3i postpones Fairline auction

It is understood that late last year, the company had appointed Cavendish Corporate Finance to find a buyer.

In summer of 2005, 3i invested £15.5m in the £40m management buyout of Fairline Boats, obtaining two thirds of the company's equity. RBS supported the deal with a £29m debt package.

Based in Oundle, Northamptonshire Fairline Boats was established in 1965 as a manufacturer of luxury powerboats in the 34-74 foot range.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• UK / Ireland