HanseYachts AG Carries Out Planned Capital Increase After Purchase of Catamaran Manufacturer Privilège Marine SAS
As announced on June 27, 2019, HanseYachts AG has acquired all shares in Privilège Marine Holding GmbH from HY Beteiligungs GmbH, a 100% subsidiary of Aurelius Equity Opportunities SE & Co. KGaA, and thus indirectly acquired 97.43% of the shares in Privilège Marine SAS, France.
Privilège has been active in the market as a manufacturer of luxury catamarans for over 30 years and produces sailing and motor catamarans, making it one of the pioneers in the market. The catamarans will be built on the French Atlantic coast and the existing personnel structure, with approximately 150 employees, will be retained. The shipyard has direct access to the Atlantic and currently produces six catamaran models from 50 to 75 feet in length.
Three new catamaran models were developed and marketed by the designers and engineers of HanseYachts AG prior to the takeover in order to lead the traditional Privilège brand, which currently has an order book of EUR 26 million, into a successful future. Privilège is the sixth brand in the group to benefit from the worldwide distribution of HanseYachts AG and the purchasing power behind more than EUR 150 million in group sales.
"For eight years in a row HanseYachts AG was able to grow its turnover by 9 to 15 million EUR per year. In order to be able to continue such dynamic growth, we need a new brand from time to time. With our experienced development department in Germany, we fill . . .
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