New investors acquire Fairline Yachts
Failine Yachts, which recently appointed a new UK dealer, is being acquired by Hanover Investors.
The company has been acquired for an undisclosed sum via Hanover Active Equity Fund II.
“We are delighted to welcome Fairline into our family of portfolio companies,” says Matthew Peacock, founder and CEO of Hanover Investors. “It is a company with a rich heritage of quality, luxury and engineering excellence and we believe that, with our backing and expertise, it can realise its full potential.”
Fairline Yachts was founded in 1967, in Oundle, Northamptonshire, UK, and has spent the last 50 years expanding worldwide, with a global network of over 50 dealers.
Peter McNulty, CEO of Fairline Yachts, adds: “It is a testament to the hard work of the team here at Fairline, that a firm with the calibre of Hanover Investors has decided to back us. It has an excellent track record of working with companies through its world class approach to integrating both investment and operations, with a particular focus on internationalising companies. While we already have an impressive international footprint, with Hanover by our side, I know we can go a lot further and faster.”