Harwood Capital abandons takeover plan for superyacht services business GYG

Global Yachting Group

Group believes it will be able to meet working capital and due debt repayment commitments

After six months of negotiations and due diligence analysis, the UK private equity group Harwood Capital has decided not to proceed with a takeover bid for the London, UK-listed superyacht painting, maintenance and supplies business GYG Plc (Global Yachting Group).

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