Yesterday Perini Navi majority shareholder Fenix, the holding company of the Tabacchi family, announced it had signed a binding agreement with leading Milan-based private equity firm Clessidra and another (unnamed) investor to relaunch the Italian luxury yacht maker, which was declared bankrupt by the Italian court on Jan. 29.
Fenix aims at carrying out a “significant” capital increase to revamp the company, keeping a minority stake in Perini. Clessidra and the another investor, which according to the statement, is active in corporate restructuring, will hold the majority stake in Perini.
“The objective is to preserve Italian excellence and Perini Navi’s world leadership in sailing yachts above 40 metres in length, with clear benefits for all the company’s creditors and stakeholders,” the statement said. The deal aims to keep full production continuity and current employment levels, it added.
Perini Navi is an iconic brand with a strategic location and infrastructure, characteristics that together make its explosive strength. It is therefore no coincidence that over the last few months, not one but a fleet of Italian shipyards, including Palumbo, The Italian Sea Group, Ferretti Group and Sanlorenzo, have announced their intention to acquire the shipyard and its activities.
Perini Navi is an iconic brand with a strategic location and infrastructure, characteristics that together make its explosive strength. It is therefore no coincidence that over the last few months, not one but a fleet of Italian shipyards, including Palumbo, The Italian Sea Group, Ferretti Group and Sanlorenzo, have announced their intention to acquire the shipyard and its activities.
