Balmoral Capital has acquired yacht building company Oyster Marine, one of the UK’s leading yacht builders. The value of the business, which had sales of more than £50m in its last financial year, is undisclosed. CIT Capital Finance (UK) Ltd has underwritten a senior and mezzanine debt package to support the deal. Balmoral's portfolio includes Canados, an Italian luxury powerboat manufacturer.
Fourth core infrastructure secondaries fund is set to be twice the size of its predecessor
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
Move comes as funds invested in DC have exceeded £1bn, but exposure to private markets assets was already available to DB members
GP bought the fasteners and fixings manufacturer as part of a succession process for the company