An investment fund at the head of MB92
Marina Barcelona 92 (MB92) has announced its change of main shareholder. The Spanish specialist in the refitting, maintenance and repair of superyachts, founded in Catalonia in 1992, is now under the control of the European investment fund Squircle Capital. The latter acquired 77.5% of the capital.
Consolidation of shipyards
Pepe García-Aubert, President and CEO of the MB92 group, sees this as an opportunity to secure the work accomplished. "We are very pleased to welcome Squircle Capital as a new majority shareholder of MB92. They have an exciting long-term vision to grow the group and consolidate our position as market leader and I have no doubt that we will benefit from their strategic expertise and broad experience. Their decision to invest in MB92 and in the superyacht refit sector is proof of the growing professionalism of our industry."
The continuation of an eventful history for the La Ciotat construction sites
The MB92 group set up in France in 2017, taking control of Compositeworks and Blohm+Voss La Ciotat. It now owns 75% of MB92 La Ciotat, a company created by the merger of the two historical players. After the short passage of the German industrialists of Blohm+Voss, he was the first major foreign superyacht actor to settle in France. The arrival of the investment fund is another page in the turbulent history of superyacht activity in La Ciotat in recent years. It should be noted that MB92 had chosen to leave La Rochelle, where Compositeworks had settled before the acquisition.