Hanover Investors acquires Fairline Yachts
Fairline Yachts changed ownership on June 14, 2021. Less than a year after it took over as majority shareholder of the British shipyard in July 2020, the RiverRock fund sold its stake to London-based investment fund Hanover Investors. The amount of the transaction has not been made public. It thus takes control of the high-end motorboat manufacturer founded in 1967 in Oundle, Northampshire. It has a worldwide network of 50 dealers.
Accelerating the internationalization of the British shipyard
Fairline Yachts managing director Peter McNulty welcomes the arrival of the new shareholder, which he sees as recognition of the value of the British yachting business. On this occasion, Jason Carley, a partner in the Hanover Investors fund and previously a member of Fairline Yachts' management between July 2020 and March 2021, returns to the shipyard's side. "It's a recognition of the great work done by the team here at Fairline that a company of the caliber of Hanover Investors has decided to support us. They have an excellent track record of working with companies through their global vision to integrate both investment and operations, with a particular focus on companies that are in the process of internationalizing. While we have a strong international footprint, with Hanover on board, I know we can go much further and faster," said Peter McNulty.
