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









470 Men and Women Worlds - Champions decided in Santander by International 470 Class Association,
















































Big Boat Series - It's not the size, it's the length by Erik Simonson, Pressure-Drop.US,










ISAF Sailing Worlds, Santander - Rio 2016 470 spots awarded
52 Super Series 2015 - Outlook looks hot for the 52 Super Series
Starboard Hatteras Wave Jam - Another early start on day 4
ISAF Sailing World - First entry leaves sailor's reputation in tatters
2014 Chicago Match Cup - Four go through to quarter finals
470 Men and Women Worlds - Champs take over leaderboard
ISAF Sailing World Champ - Buckingham finishes with career-best result
America's Cup: Oracle's Larry Ellison to step down as CEO
Classic Yacht Regatta - Sonny takes top classic prize
ISAF Sailing Worlds, Santander - Buckingham finishes with career best
ISAF Sailing Worlds, Santander - Rio 2016 RS:X spots claimed
ISAF Sailing Worlds - Leaderboards shaping up in Santander + Video
ISAF Sailing Worlds, Santander - Giles Scott continues to extend lead
ISAF Sailing Worlds, Santander - Day 7 images by Sailing Energy
ISAF Sailing Worlds - Laser and Radial winner images by Jesus Renedo
ISAF Sailing Worlds, Santander - Medal Race images by Sail-World.com
ISAF Sailing Worlds - Dutch dominate Laser and Radial in Santander
Royal Cup Marina Ibiza - Quantum Racing more than doubles overall lead
J/24 World Championship - Excitement builds for Newport racing
Volvo Ocean Race - Seb Marsset joins Team Alvimedica
Fall Seamanship training opportunities at New York Yacht Club   
Rolex Big Boat Series: More images from San Francisco - Final Day   
AWT Hatteras Wave Jam action commences on day 3   
Rolex Big Boat Series: Images from San Francisco - Final Day   
ISAF Sailing World Championships - Watch medal races live here   
Hobie 16 Open North American Championships and Pan Am Games qualifier   
ISAF Sailing World Championship - Videos from Santander   
ISAF Sailing Worlds: Buckingham into Medal Race, 470's stay consistent   
470 Men and Women Worlds - Vadlau and Ogar into pole position   
2014 Chicago Match Cup - Defending champion on top   
ISAF Sailing Worlds, Santander - Strong competition for RS:X fleets   
ISAF Sailing Worlds, Santander - Big breeze on day 6 + Video   
ISAF Sailing Worlds, Santander - Buckingham into Laser Medal Race   
U.S. Multihull Championship - Hobie Alter Trophy to be decided   
ISAF Sailing Worlds - The kind of form most sailors only dream about   
Royal Cup Marina Ibiza - Quantum Racing ahead of target   
ISAF Worlds Santander - 19 Rio 2016 Laser Radial spots awarded   
Santander 2014 ISAF Worlds - 21 broadcasters to take live coverage   
Rolex Swan Cup - Looking forward to the next 30 years   
America’s Cup: The Future is foiling – AC45s to be modified   


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 NEW US
LocalAds   DE  ES  FR  IT