Orrick, Herrington & Sutcliffe LLP
11/07/2024 | Press release | Distributed by Public on 11/08/2024 10:32
Orienta (Italy) Acquires Sunseeker Yachts
Italiano: Orienta Capital Partners acquisisce Sunseeker
FARO Alternative Investments and Orienta Capital Partners, alongside Lionheart Capital, have completed the acquisition of Sunseeker International (Holdings) Ltd., a historic British shipyard specializing in high-performance luxury motor yachts.
Orrick represented FARO Alternative Investments and Orienta Capital Partners.
The companies acquired Sunseeker from the Chinese industrial group Dalian Wanda.
THE COMPANIES
Orienta Capital Partners is an investment company specializing in club deals and financial holdings. The company is led by experienced managers and entrepreneurs committed to support target companies' growth and value-generation.
Orienta Capital Partners supports target companies in the key phases of their lifecycle. It leads the entrepreneur and/or top management in strategic decisions and inspires teams to improve managerial skills to prepare for the next growth phase.
FARO Alternative Investments SCSp SICAV RAIF is an alternative investment fund promoted by Orienta Capital Partners. It operates at the global level with diversified investment strategies, across multiple industry sub-funds, supported by specialized advisory companies (including Orienta Capital Partners). FARO investment strategies span private equity, flex equity, capital markets, venture capital and fintech. Industries include the real economy and innovation as well as fashion, luxury and design.
Sunseeker International (Holdings) Limited is a British luxury yacht brand. The company was founded in 1969 by Robert Braithwaite and has since become a global icon known as the world's leading brand for luxury performance motor yachts. Its headquarters and main assembly facility is in Poole Harbour in Dorset, England.
THE IMPACT
This transaction marks the first cross-border acquisition for Orienta Capital Partners and FARO. The new ownership structure will enable Sunseeker to enhance the shipyards' identity and craftmanship, guiding the brand toward ambitious growth objectives.
Sunseeker will retain its British identity and maintain its headquarters in Poole, where its primary production, workforce and operational infrastructure reside.
THE TEAM
Fabio Fauceglia led a multidisciplinary Orrick team that advised Orienta Capital Partners and FARO Alternative Investments on M&A aspects of the transaction. The team included Eugenio Zupo, Giuseppe Fichera, Philip Jackson, Lucrezia Marchionni and Riccardo Galet. Mae Morter provided support for the finance aspects of the deal.