UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around ТЃ200m.
The business will be run by the existing management team, comprising executive chairman David King and managing director Chris Gates. The deal follows earlier private equity purchases of boat brands such as Oyster Marine in February 2008, Bavaria Yachtbau in Germany in 2007 and Italian Ferretti in 2006.
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