Fairline Boats, the maker of motor cruisers and yachts up to a value of £2m, has decided not to sell and will instead raise capital from its 3i backers to help it trade through the recession.
3i and Fairline were hoping the business would fetch £100m, and retained bankers Cavendish Corporate Finance in November 2008, however buyers were not forthcoming after having been scared off by the severe curtailing of spending on luxury products.
Candover Investments, the beleaguered private equity finance house, has been forced to write off its £48m investment in Ferretti, the top-end luxury yacht-maker. Analysts comment that Fairline is better off in that it has lest debt than Ferretti, and caters to a broader lower-end yachting fraternity.
Nevertheless, Fairline is acutely aware of the tight conditions and has lowered its sales forecasts by 25% for this year.
This agency offers a unique opportunity to acquire a marketing consultancy known for transforming content into a predictable sales engine for high-ticket, service-based businesses.
This well-established engineering product and equipment distributor, strategically located in the heart of the West Midlands, offers a robust portfolio including compressed air supply servicing and various high-value products like gearboxes and elect...
This charming Newmarket freehold hotel presents a unique opportunity with 36 en-suite letting rooms and a substantial trade garden accommodating around 150 guests.
FREEHOLD
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.