Showing posts with label Fairline. Show all posts
Showing posts with label Fairline. Show all posts

Fairline boats put on sale by 3i

Kelly Brook Fairline "Squadron" boat cruise aboard finally London Boat Show Photo year: JEFF GILBERT

3i has hired consultants from Deloitte to watch "strategic options" for the company, could lead to a provision of the company.


It is, however, is not known how 3i will get for Fairline.Two years ago 3i has hired Cavendish Corporate Finance bankers to sell the company for about 100 million from £.


However, after a few expressions of interest from the mystery of the purchasers of the Middle East, 3i reserved for the sale and opted instead to inject fresh capital into Fairline.On also believe that Royal Bank of Scotland, the Fairline main lender reinvested in the group.


Fairline specialises in the manufacture and distribution of boats in the range of 34 to 74 foot up to 2 million cost of £ .any first, 3i has invested in the boat company based in Louisa and Corby, in 2005 in a management buyout.


3i and Fairline refused to comment on Friday.


When the explosion of boat credit manufacturers were much sought after by companies of capitaux.En 2006, Candover acquired the Italian luxury yacht manufacturer Ferretti for £ 1 billion.


L Capital - an investment group Arnault, which is controlled by Bernard Arnault, France - richest man arm acquired Princess Yachts in 2008 for approximately 200 m £.


However, it has not always been plain sailing for these capital privés.Au redemptions during the financial crisis, Candover lost all its investments in Ferretti, after the yacht manufacturer violates his bank covenants .the ' company has finally complex financial restructuring and lenders took control.


Recently, a group of investors including Stagecoach boss Brian Souter and Mike Clare, founder of bed retailer Dreams, swallowed Sunseeker International for approximately 25 million from £ to a debt restructuring of the company.


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