Fairline Yachts Sold
LONDON, UK - December 5, 2024
Hanover Investors has today sold its interest in Fairline Yachts to Arrowbolt Propulsion Systems, the clean propulsion technology company.
Arrowbolt, which was founded in 2022, is appointing experienced industry executive Peter Hamlyn as CEO of Fairline.
Peter Hamlyn said: “We look forward to aligning the business with our long-term vision to be a clean and sustainable marine brand. However, to be clear, the industry faces a number of economic and market challenges, and we will be assessing the current business before making any strategic long-term investment decisions.”
The business has an excellent reputation and a well-established market position. Fairline’s Squadron 58, which launched at Southampton International Boat Show in September 2023 and Boot Dusseldorf 2024, was announced as the winner in the ‘Flybridges up to 60ft’ category at the 2024 Motor Boat Awards.
Hanover acquired Fairline in June 2021 via Hanover Active Equity Fund II.
For further information contact:
Arrowbolt Propulsion Systems: info@arrowbolt.co.uk
About Fairline Yachts
Founded in 1967 in Oundle, Northamptonshire, with British craftsmanship at its core, Fairline Yachts encompasses power, performance and comfort.
A global business with a network of more than 50 authorised dealers in key yachting locations around the world, Fairline designs and manufactures a fleet of luxury motoryachts.
About Arrowbolt Propulsion Systems
Arrowbolt are pioneers of cutting-edge electric propulsion technology, developing zero emission systems for the recreational boat sector.
About Hanover Investors
Hanover Investors is a leading UK private equity firm that focuses on operational transformation to build better businesses and drive returns.
Hanover, which is headquartered in the UK and operates companies with activities across the globe, combines analytical rigour and flexibility in execution to create a repeatable model of successful investment selection. A deep understanding of a company's operational and strategic context is at the centre of the firm’s investment process, refined over decades of hands-on management of small to mid-size organisations.
Hanover focuses on an investment’s main levers of value creation, providing its portfolio with access to proven “playbooks” and a Hanover bench of specialists. This approach has delivered a market leading record of returns for over 20 years.
The firm puts a very strong emphasis on building and developing its team, attracting diverse talent, as well as providing personal and career growth.
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