Faro Completes Acquisition of Sunseeker with Support from Lionheart and Orienta
Deal News | Nov 05, 2024 | Legal Community Italy
Faro Alternative Investments, in partnership with Lionheart Capital and facilitated through a club deal by Orienta Capital Partners, has successfully acquired Sunseeker International (Holdings). This British company, renowned for its luxury motor yacht manufacturing, was previously owned by China's Dalian Wanda Group. This transaction marks the first cross-border acquisition for both Orienta and Faro, highlighting their expanding influence in international markets. Legal advisory for the M&A aspects of the deal was provided by Orrick, with a team led by Fabio Fauceglia. Russo De Rosa Associati and Collyer Bristow also played instrumental roles, handling fiscal and structural facets of the acquisition. This move represents a significant stride in Faro Alternative Investments' strategy to expand its real economy sector portfolio.
Sectors
- Private Equity
- Luxury Goods
- Mergers & Acquisitions
Geography
- United Kingdom – Sunseeker International, the company being acquired, is based in the UK.
- United States – Lionheart Capital, one of the investment partners, is based in the United States.
- China – The previous owner of Sunseeker, Dalian Wanda Group, is a Chinese company.
- Italy – Orrick, the legal advisor involved, has its legal team mentioned in Italy, indicating a connection to this geography.
Industry
- Private Equity – The acquisition of Sunseeker International involves multiple investment firms, highlighting activities in the private equity sector.
- Luxury Goods – Sunseeker International is a manufacturer of luxury yachts, placing it within the luxury goods industry.
- Mergers & Acquisitions – The article discusses a cross-border acquisition, a key activity in the M&A industry.
Financials
- – The article does not provide specific financial information about the value of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Faro Alternative Investments | Buyer | Company | An investment firm focusing on real economy sectors, leading the acquisition of Sunseeker. |
| Sunseeker International (Holdings) | Target Company | Company | A British manufacturer known for its luxury motor yachts. |
| Dalian Wanda Group | Seller | Company | A major Chinese industrial group, previously controlling Sunseeker. |
| Lionheart Capital | Investment Partner | Company | A U.S. based investment firm partnering in the Sunseeker acquisition. |
| Orienta Capital Partners | Club Deal Organizer | Company | An investment and advisory firm organizing the club deal for the acquisition. |
| Orrick | Legal Advisor | Company | Provided M&A legal advisory services for Orienta and Faro. |
| Russo De Rosa Associati | Fiscal and Structuring Advisor | Company | Handled the fiscal and structural aspects of the acquisition. |
| Collyer Bristow | Tax Advisor | Company | Advised on tax matters related to the acquisition. |