Oyster Marine sold to Balmoral Capital
COMPANY SALE: Oyster Marine has been sold to UK based private equity fund Balmoral Capital for an undisclosed sum. The company was founded in 1973 by current chairman Richard Matthews.
There are almost 1,200 Oyster yachts in commission and the company has a strong forward order book and annual sales in excess of £50m.
In 2008 the company reported a very active Collins Stewart London Boat Show with enquiries substantially ahead of last year for new yachts and for the expanding fleet of Oysters available for charter.
'I will be staying on as chairman and CEO and it will be business as usual for Oyster’s staff,' said Matthews. 'We will maintain our ongoing commitment to providing great service for our owners and continuity to the ''family'' of key subcontractors who are such an important part of our future.'
The transaction included Oyster Marine Ltd with offices in Ipswich and Newport Rhode Island, USA and the associated businesses of Oyster Brokerage and Southampton Yacht Services.
Balmoral Capital, co-founded by Richard Winckles and Alec D’Janoeff, specialises in control investments in companies which have potential to grow and create value in the European mid market.
Businesses acquired by Balmoral typically have an enterprise value of between €30 million to €350 million. Balmoral Capital also owns Canados, the Italian manufacturer of luxury, 70’ -110’ flybridge and sports motor yachts.
Latest Press Releases
A team of twelve including marine industry professionals will be riding from London to Paris from th... Read more
Christian Brewer has returned to Barton Marine as Global Sales Manager. Read more
Luxury British boat builder, Fairline Yachts, announces details of its stunning new Squadron 68, set... Read more
MS Amlin Yacht announce that they will be exhibiting at the inaugural Thames Valley & London Boat Sh... Read more
Communications agency, ADPR, has been brought on-board to help South Devon Marine Academy raise awar... Read more
Fusion® Entertainment, a worldwide leader in marine audio entertainment, announced today that the Ap... Read more