Sunseeker's British Legacy Continues Under New Leadership
Deal News | Oct 31, 2024 | Lionheart Capital
British luxury boat manufacturer, Sunseeker International, has been acquired by Lionheart Capital, based in the US, and Orienta Capital Partners, headquartered in Italy. The acquisition from previous Chinese owners, the Dalian Wanda Group, promises to maintain the brand's British heritage and continue production at the Poole, Dorset facilities. Andrea Frabetti will remain CEO, and Giancarlo Galeone from Orienta Capital will take on the role of Chairman, bringing his extensive yachting industry experience. Lionheart Capital's founder, Ophir Sternberg, expressed enthusiasm for the brand's potential, highlighting the strategic nature of the investment and the expectation of significant new model developments. With this purchase, Sunseeker aims to bolster its global presence and secure the future for its employees and product innovations.
Sectors
- Marine Manufacturing
- Private Equity
Geography
- United Kingdom – Sunseeker International is a British company with production facilities in Poole, Dorset.
- United States – Lionheart Capital, one of the acquiring private equity firms, is based in the US.
- Italy – Orienta Capital Partners, one of the acquiring private equity firms, is based in Italy.
Industry
- Marine Manufacturing – Sunseeker International is involved in the manufacturing of luxury boats and yachts, which falls under the marine manufacturing industry.
- Private Equity – Lionheart Capital and Orienta Capital Partners are private equity firms involved in the acquisition of Sunseeker, thereby aligning the article with the private equity industry.
Financials
- Undisclosed – The acquisition amount for Sunseeker International by Lionheart Capital and Orienta Capital Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sunseeker International | Target | Company | A British luxury yacht and boat manufacturer. |
| Dalian Wanda Group | Selling Company | Company | The former Chinese owners of Sunseeker International. |
| Lionheart Capital | Bidding Company | Company | A Miami-based private equity firm involved in the acquisition of Sunseeker. |
| Orienta Capital Partners | Bidding Company | Company | An Italian private equity firm involved in the acquisition of Sunseeker. |
| Andrea Frabetti | CEO of Sunseeker | Person | Chief Executive Officer of Sunseeker International. |
| Giancarlo Galeone | Chairman of Sunseeker | Person | Senior Partner at Orienta Capital Partners and newly appointed Chairman of Sunseeker. |
| Ophir Sternberg | CEO of Lionheart Capital | Person | Founder and CEO of Lionheart Capital. |