All Mergers, Acquisitions & Exits articles – Page 29
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CVC purchase of D-Marin facilities clears Croatian anti-trust agency
AZTN, the Croatian anti-trust agency, has approved the planned acquisition of three marinas in the country which are part of the planned takeover of 10 D-Marin owned and managed marinas by the Luxembourg-headquartered private equity group, CVC Capital Partners. The other seven marinas include four in the UAE and three ...
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Southern Marinas expands footprint in Florida market
Fish-Tale Marina in Fort Myers Beach, Florida, is the latest acquisition of North Palm Beach, Florida-based Southern Marinas, which closed on the property February 20.
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Yanmar buys Italian gyro stabilisation firm
Japanese engine manufacturer Yanmar has entered the gyro stabiliser market following the acquisition of Italy-based Smartgyro Srl for an undisclosed sum.
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EP Barrus acquires Blue Gee brand
UK-based marine equipment distributor expands product portfolio
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Historic Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.
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UK marine electronics specialist sold
UK-based marine electronics services specialist, Charity & Taylor, has been acquired by Aage Hempel Group, one of the largest marine electronics groups in Europe, and a subsidiary of Grupo Arbulu. Aage Hempel also has a dedicated division within its operations which comprise 120 office worldwide.
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Tokio Marine Holdings completes Pure Group acquisition
The acquisition of Privilege Underwriters Inc and its subsidiaries, which are collectively known as the Pure Group, has recently been completed by Tokio Marine Holdings, the leading international insurance business. Tokio paid $3.1bn to buy the Pure Group.
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OCIBAR acquires Spanish superyacht marina
OCIBAR, the Spanish marina management company, has significantly expanded its operation with the acquisition for an undisclosed sum of the Port Tarraco superyacht marina in Tarragona. The purchase was made from the Qatari Diar Fund, which is linked to Qatar’s sovereign wealth fund.
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Harbour Group buys SHF
Harbour Group has expanded its manufacturing and distribution capabilities with the acquisition of SHF, a supplier of stainless adaptors, fluid power fittings, instrumentation fittings and valves to a variety of industries, including marine, manufacturing, chemical, and oil and gas.
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T-H Marine acquires US distributor
Alabama, US-based marine equipment supplier T-H Marine Supplies has acquired First Source Marine, a Florida-based wholesale distributor specialising in sporting goods equipment.
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Kiriacoulis Mediterranean buys Greek marina
Majority shareholder acquires remaining 40% stake in Kalamata Marina
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Dogus sells 50% stake in Greek superyacht marina
The 50% stake in the Athens superyacht facility, Flisvos Marina, owned by Turkey’s Dogus Group has reportedly been sold to Lamda, owner of the remaining 50% share. According to Greek newspaper Kathimerini, the sale was achieved through an agreement that Lamda had with Dogus, giving the former a first refusal ...
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Safe Harbor acquires Siesta Key Marina
Safe Harbor Marinas in the US has purchased the Siesta Key Marina, the only full-service facility in Sarasota, Florida. The purchase is the Dallas-based company’s 12th Florida property and is approaching 100 properties overall, which Safe Harbor claims makes it the largest marina owner-operator in the US. The 1.7-acre property ...
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D-Marin to be acquired by private equity fund
A multimillion-euro deal of undisclosed value has been made by the Luxembourg-headquartered private equity business CVC Partners to buy the D-Marin arm of the Turkish Dogus Group. D-Marin, which is registered in the Netherlands, operates 15 marinas in five Mediterranean and Middle East countries. This transaction will be finalised upon ...
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US marina operator tests the waters for US$2bn sale
Insiders with knowledge of the matter tell Bloomberg News that American Infrastructure Funds (AIF) is exploring the sale of its Dallas, Texas-based Safe Harbor Marinas, expecting to fetch more than $US2bn for what is touted as the largest marina operator in North America.
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YPI CREW acquires Edmiston Recruiters
Yacht crew recruitment firm YPI CREW has acquired the recruitment division of Edmiston, taking on all ongoing crew placement. As of January 1, 2020, Edmiston transferred its recruitment team of four to YPI CREW, taking the total YPI CREW team to 16.
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Pon Holdings acquires RH Marine Group
Pon Holdings is acquiring all of RH Marine Group by buying the majority stake that private equity firm Parcom Capital holds in the Dutch marine services provider. The two companies became joint shareholders in 2015.
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Kiwi boatbuilder Naiad sold
Business to be acquired by its east-coast Australian builder partner, Yamba Welding & Engineering
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Catana Group acquires Tunisian shipyard
After a fifth year with average annual growth over 50% and an order book that will result in exceeding the threshold of €100m in revenue this year, the Catana Group has just signed an agreement to acquire a majority stake in Magic Yachts.