sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : Oyster sold to two Dutchmen

Oyster sold to two Dutchmen

'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.




by Sail-World Cruising round-up

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=94153

2:34 AM Wed 22 Feb 2012 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


News - USA and the World



America's Cup: Challenger calls Competitor Meeting ahead of deadline *Feature by Richard Gladwell Sail-World.com/nz,
































































New York Yacht Club Race Week - Yachting history on display
Volvo Cork Week - Thrilling conditions welcome international fleet
Nacra 17 Europeans: Success for Italy's Bissaro and Sicouri
America's Cup: 2017 venue short-list reduced to two Cities
Formula Windsurfing Youth and Master Worlds overall
49er and 49erFX Europeans: Pitfalls aplenty on day 1 + Video
ISAF Youth Worlds - Laser Radial sailors look to join list of legends
Coville soon to chase solo circumnavigation record in giant trimaran
Fierce competition at the Meanline Fins Slalom Challenge
Volvo Ocean Race - Team Brunel opt for experienced winner
Bakewell-White supermaxi designed to take Transpac's Barn Door Trophy *Feature
Crew rescued by navy patrol from J/111 racer after Mayday in storm
Team Alvimedica practice in Newport, RI - Photos
18 foot skiff European Championship (Open Europeans) - Final results
Nacra 17 European Championships - No action on day 1
ISAF Youth Worlds - 29er and SL16 sailors prepare for battle + Video
Volvo Ocean Race: Eight new crew members named by teams
Volvo Ocean Race: New additions to Spanish team announced
2014 Cape Panwa Hotel Phuket Raceweek - Phuket Island is ready to host
PWA Awaza World Cup - Cyril Moussilmani and Delphine Cousin on top
Foiling Week - Moth Class Italian Open Championship Day 2   
America's Cup: Luna Rossa foiling in AC45s at their Italian base   
Star World Championship - Germans claim dramatic win in Malcesine   
PWA Awaza World Cup - Down to the wire in Turkmenistan   
Route Halifax Saint-Pierre - Off to France!   
Nacra 17 Europeans - La Grande Motte back in Olympic classes arena   
Stena Match Cup Sweden - Hansen hat trick in Marstrand + Video   
Route Halifax Saint-Pierre Race keeps an eye on Arthur   
World Match Racing Tour: See the Finals replay at the Stena Match Cup   
Newport International Boat Show unveils exciting 'At The Helm' Program   
Stena Match Cup Sweden - First blood to Hansen over Canfield + Video   
Star World Championship - Americans claim race win in Malcesine   
PWA Awaza World Cup - Weather halts action on day 4   
Clipper Race - Henri Lloyd wins OneDLL Cup into Den Helder   
Clipper Race - Close match racing in closing stages of the OneDLL Cup   
Volvo Ocean Race: Spanish play catch-up with under 100 days to go   
World Match Racing Tour: Catch the live action at the Stena Match Cup   
Finn Junior Worlds - Battle for the Jorge Bruder Silver Cup   
Mobiles drive traffic - 72% increase in Sail-World.com page view *Feature   
British Open Dragon Championship finale at Royal Lymington preview   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL VIR US
LocalAds   DE  ES  FR  IT