Luxury boatbuilder sold via equity fund

United Kingdom
21st June 2021

Luxury boatbuilder sold via equity fund

Hanover Investors
Business Type: Boat Builder

Fairline Yachts has been acquired by Hanover Investors for an undisclosed sum.

The boatbuilder, which recently appointed a new UK dealer, has been acquired for an undisclosed sum via Hanover Active Equity Fund II from Hanover Investors.

Fairline Yachts was founded in 1967, in Oundle, Northamptonshire, and has spent the last 50 years expanding worldwide, with a global network of over 50 dealers.

Peter McNulty, CEO of Fairline Yachts, sees the acquisition as a chance to forge ahead with the company’s international footprint.

He commented:

Jason Carley, senior partner of Hanover Investors, was a board member at Fairline Yachts for nine months until March 2021. He was also senior portfolio manager at RiverRock that took a majority stake in the boatbuilder in 2020.

He said:

Matthew Peacock, founder and CEO of Hanover Investors, believes the sale will initiate further growth for the boatbuilder.

He commented:

About Fairline Yachts

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