Please select your home edition
Edition
Zhik Dinghy Wetsuits

Oyster sold to two Dutchmen

by Sail-World Cruising round-up on 22 Feb 2012
Oyster 625 has just won European Yacht of the year in the Luxury Cruiser category .. .
Oyster goes Double Dutch. For the second time in four years, British luxury boat builder Oyster Marine, probably the most respected name in boat building in Britain, has been sold - this time to two Dutchmen. This is the first time the famed UK company has been out of British hands.

Founded in 1973, the company produces twelve different designs of luxury yachts, including two which could be called superyachts. It was sold a mere four years ago, in 2008. However, it appears that the collapse of the yachting market since the Global Financial Crisis started in the same year has contributed to the current sale even though Oyster has been performing relatively well.

The Oyster brand has long been known for building comfortable live-aboard cruising yachts, which can nevertheless compete handsomely in such races as the Fastnet and the Sydney to Hobart.

The Oyster 625 has just achieved another distinction in winning European Yacht of the Year 2012, in the luxury cruiser class.

The two Dutch entrepreneurs who have purchased the company, Wim de Pundert and Klaas Meertens, head up an investment company called HTP Investments.

Oyster Brokerage and Southampton Yacht Services Ltd are believed to be included in the sale.

Both HTP and Oyster have refused to reveal the details of the purchase, it is believed it is a small fraction of the £70million that the previous owner, Balmoral Capital, paid for it just four years ago. Figures such as £10-£15 million have been mooted.

Oyster has been enjoying a relatively busy two years — its order book for contracts signed in the last 24 months is almost £80m, plus £25m of superyacht contracts. However, it is believed that capital debts of the ultimate owner eventually helped to force the sale, rather than the under-performance of Oyster Marine.
Ancasta Ker 40+ 660x82Naiadupffront 660x82

Related Articles

Olympic Gold medalist and Volvo Ocean Race winner up for WS Board
Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing in November. The five times Olympic medalist, Volvo Ocean Race winner and several times America's Cup competitor will bring a much needed sailing edge to the Board of World Sailing if he can navigate the politics of the controlling body of the sport.
Posted on 25 Sep
D-Marin Farr 40 Zadar Regatta – Overall report
Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Those two top-notch programs have resumed their rivalry this week in the waters off this historic city along the Dalmatian coast.
Posted on 23 Sep
Impressive tow-in freestyle show on the water in Cold Hawaii
The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competitio The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competition as expected with light winds and small waves.
Posted on 21 Sep
Brookes and Gatehouse Videos with Knut Frostad
Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos with Knut Frostad, the legendary Volvo Ocean Race sailor and former CEO. See him talk about sailing in general, the B&G product choices and placement he made for his own boat, and then why he loves his Outremer 5X.
Posted on 8 Sep
Soft Padeyes – light, strong and versatile
Several types of soft padeyes are now available and are proving increasingly popular over traditional stainless steel pa Several types of soft padeyes are now available on the market and are proving increasingly popular over traditional stainless steel padeyes. They all capitalise on the incredible strength to weight ratio and abrasion resistance of Dyneema® which offers a reliable, robust, flexible and safe termination.
Posted on 6 Sep
The hurricanes headed for Hawaii and Florida
The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The first of two hurricanes headed toward Hawaii lost strength and was downgraded to a tropical storm. Meanwhile, in Florida, a tropical storm gained in strength and is now designated as a hurricane.
Posted on 4 Sep
Zhik sailors win 17 sailing medals at 2016 Olympic Regatta
The 2016 Olympic games are over and what a Games they have been - Zhik sailors dominated Zhik sailors won almost 60% of the medals contested at Rio de Janeiro. It was a regatta which tested sailors and gear - with one day being the most severe conditions ever experienced at an Olympic regatta. For the Zhik team riders on the waters of Rio, four years and more of hard work and dedication have paid off for many.
Posted on 29 Aug
Kids Polarised Sunglasses from Barz Optics
Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Each pair are supplied with a neoprene case and sunglass retainer.
Posted on 4 Aug
Reducing weight aloft with composite backstays
Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Every kilogram you take out of the rig is roughly equivalent to 4kg added to the bottom of your keel!
Posted on 26 Jul
Free $US3,000 Carbon Vang with SouthernFurl boom orders in July
Southern Spars is giving a free carbon vang - valued at US$3,000 - with SouthernFurl in-boom furlers ordered in July Southern Spars is giving away a free carbon vang - valued at US$3,000 - with all of their SouthernFurl in-boom furlers ordered in July. Carbon gas vangs make a great addition to the furling boom package, though if you’d prefer to keep your existing one, Southern Spars will offer you a 5% discount on the price of your boom instead.
Posted on 29 Jun