Groupe Beneteau takes a majority stake in Seascape

The mission of Seascape is to bring the performance of modern Open race boats to the recreational sailors. The company says it makes them more practical, more controllable and more affordable, while still keeping the essence of the performance experience.

Groupe Beneteau has become the majority shareholder with a 60% stake in the Slovenian company Seascape d.o.o., which specialises in designing, building and marketing performance sailing yachts.

The yard’s founders, Andraž Mihelin and Kristian Hajnšek, will continue in their roles alongside the Group and retain 40% of the capital. Seascape d.o.o. will be included in the Group’s scope from its acquisition date.

Founded in 2008 by two Mini Transat Class sailors, Seascape has in just 10 years become a leader in the transportable performance cruiser segment.

Seascape currently offers four models, from 4.3-8m, designed by Sam Manuard. The yard generated revenues of €4.2 million in 2017. This acquisition is in line with the strategy to ramp up the product range with Groupe Beneteau’s Transform to Perform strategic plan. It will further strengthen the Group’s global leadership in the liveaboard monohull sailing segment by including performance cruisers.

“Our acquisition of a stake in Seascape will enable us to offer a selection of small sailing yachts designed for both novice sailors and enthusiasts, often younger and first-time buyers.” explains Hervé Gastinel, Groupe Beneteau CEO.

“Our commitment to our Seascape owners and community remains the same: we will continue to develop sailing boats, events and services in line with the spirit that has been central to our brand’s success, while benefiting from Groupe Beneteau’s global scale and expertise.” adds Andraž Mihelin, Seascape CEO.

Seascape deals in transportable performance boats