Portfolio news Princess Yachts

Princess Yachts is one of the leading motor yacht builders in Europe and one of the largest boat builders in the UK.

#PORTFOLIO #PRINCESSYACHTS #DIVESTMENT

14 Feb '23

KPS Capital Partners to acquire controlling ownership of Princess Yachts

Cobepa will remain a minority shareholder and continue to support Princess Yachts after the transaction.

KPS Capital Partners, LP (“KPS”) announced today that it has entered into a definitive agreement to acquire a controlling equity interest in Princess Yachts (Holdings) Limited, (“Princess Yachts” or the “Company”), a leading global manufacturer of luxury motor yachts. Cobepa SA (“Cobepa”), one of the existing stockholders of Princess Yachts will remain a minority shareholder and continue to support the future growth of the Company after this transaction.

Completion of the transaction is expected in the first quarter of 2023 and is subject to customary closing conditions and approvals.

For more information regarding the transaction, please refer to the official press release.