Miami-based investment firm Lionheart Capital and Milan’s Orienta Capital Partners has bought the Poole Quay-based manufacturer for an undisclosed sum. Prior to the acquisition on October 31, Sunseeker International was owned by Chinese real estate group Wanda. “We are confident that under the new leadership, Sunseeker will thrive and reach new heights”, said Andrea Frabetti, chief executive of Sunseeker.
“Our goal remains to deliver exceptional yachts that embody luxury, performance and innovation, while honouring the legacy and vision of our founders.” Last year, Sunseeker generated around £320m of aggregate sales, mainly from yachts in the 15 to 50-metre range. Picture by Echo reader Peter Plucknett of the second ever Sunseeker 155 Yacht at Poole Quay Officials have said Sunseeker will remain a British company based in Poole where the primary production, workforce and current infrastructure are concentrated.
Sunseeker employs more than 2,000 people in Poole and Portland and is a major recruiter of apprentices. The sale follows months of speculation about a sale, with the Echo reporting discussions had taken place with Lionheart back in April. Giancarlo Galeone, the new chairman of Sunseeker, said: “We are thrilled to start this new journey alongside Sunseeker.
“Our strong expertise in the yachting industry combined with our long-lasting relationship with its CEO will allow us to further enhance the British identity and craftsmanship, driving the brand toward.
