Orienta Acquires Sunseeker Yachts: A Milestone Cross-Border Deal
Deal News | Nov 11, 2024 | Orrick
Orienta Capital Partners and FARO Alternative Investments, in partnership with Lionheart Capital, have successfully acquired Sunseeker International (Holdings) Ltd., a prestigious British shipyard known for its high-end motor yachts. The acquisition from former owner, Chinese industrial group Dalian Wanda, marks the first significant cross-border deal for Orienta and FARO. Renowned for their leadership in financial holdings and club deals, Orienta Capital Partners is poised to leverage this acquisition to guide Sunseeker towards ambitious growth while retaining its distinct British identity. Orrick provided legal advisory support through a multidisciplinary team led by Fabio Fauceglia, ensuring a seamless M&A process. Sunseeker's strategic presence will remain at its operational base in Poole, England, reinforcing its commitment to craftsmanship and the heritage of the luxury yacht brand.
Sectors
- Private Equity
- Luxury Goods
- Maritime Manufacturing
Geography
- Italy – Orienta Capital Partners and FARO Alternative Investments, both involved in this acquisition, are based in Italy, indicating the geographical origin of part of the investment.
- United Kingdom – Sunseeker International is based in Poole, England, emphasizing the UK as a central location for the company's operations and production facilities.
- China – Sunseeker was previously owned by Dalian Wanda, a Chinese industrial group, reflecting the international dimension of the deal.
Industry
- Private Equity – The acquisition is driven by private equity firms Orienta Capital Partners and FARO Alternative Investments, highlighting private equity's role in cross-border investments and corporate acquisitions.
- Luxury Goods – Sunseeker International operates within the luxury goods industry, specializing in high-performance motor yachts, making this acquisition relevant to the luxury sector's market dynamics.
- Maritime Manufacturing – Sunseeker is a British shipyard known for manufacturing luxury yachts, placing this transaction within the maritime manufacturing sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orienta Capital Partners | Acquirer | Company | An investment company specialized in club deals and financial holdings, leading strategic growth for target companies. |
| FARO Alternative Investments | Acquirer | Company | An alternative investment fund active globally, aligned with Orienta's strategies to invest across multiple industry fronts. |
| Sunseeker International (Holdings) Ltd. | Target Company | Company | A British luxury yacht manufacturer, known globally for its high-performance motor yachts. |
| Dalian Wanda | Vendor | Company | A Chinese industrial group that previously owned Sunseeker International. |
| Lionheart Capital | Participant | Company | Partnered with Orienta Capital and FARO in the acquisition of Sunseeker. |
| Orrick | Legal Advisor | Company | Advised Orienta Capital Partners and FARO Alternative Investments on M&A aspects of the transaction. |