FARO Alternative Investments announces the acquisition of Sunseeker

Sunseeker Predator 55 © Sunseeker International

FARO Alternative Investments' Real Economy sub-fund supported by the advisory firm Orienta Capiral Partners, specialised in SME investments, announces the completion of its acquisition of Sunseeker International (Holdings) Ltd., a renowned British shipyard known for crafting high-performance luxury motor yachts, previously owned by the Chinese industrial conglomerate Dalian Wanda Group.

The acquisition of 100% of Sunseeker was completed by FARO Alternative Investments, an alternative investment platform founded on a unique and dynamic ecosystem in which expertise and networking create value for investors and stakeholders. The transaction was conducted in collaboration with the Miami-based investment firm Lionheart Capital and a club deal organized by Orienta Capital Partners.

Based in Poole, on the Dorset coast, south of England, Sunseeker has been committed to building exceptional yachts for over 50 years. Sunseeker has become a global icon in the luxury yachting industry and is recognized worldwide as one of the early inventors of performance leisure yachts. Each Sunseeker is the result of an uncompromising approach to design innovation and performance. In FY 2023 Sunseeker generated approximately £320m of aggregate sales, mainly from yachts in the 15-50-meter range. Its current order book stands at approximately £540 million (around €640 million), with plans to expand its portfolio by focusing on developing high-end superyachts.

"We are thrilled to embark on this new chapter alongside Sunseeker. Our established expertise in the nautical sector, combined with our long-standing relationship with the CEO, will allow us to further enhance the shipyards' identity and craftmanship, guiding the brand toward our ambitious growth objectives. Sunseeker will retain its British identity, continuing to be headquartered in Poole, where its primary production, workforce, and current operational infrastructure reside.", stated Giancarlo Galeone, Chairman of FARO Value, lead advisor to FARO Alternative Investments SCSp SICAV RAIF.

"We are confident that through this new ownership structure, Sunseeker will be able to grow and reach new milestones," stated Andrea Frabetti, CEO of Sunseeker. "Our goal will remain to build exceptional yachts that embody luxury, performance, and innovation, while honoring the legacy and vision of our founders."