Sanlorenzo has signed a non-binding Memorandum of Understanding (MoU) with Mike Simpson, founder of the Simpson Marine Group, to explore the possibility of Sanlorenzo entering the Simpson Marine Group as a majority shareholder, as well as other affiliated companies. The acquisition, if realized, will enable Sanlorenzo to further expand its presence in the Asia-Pacific region (APAC), an important strategic territory for the company.

Massimo Perotti
Simpson Marine has been operating for forty years, specializing in yacht sales and services throughout the APAC region. If the acquisition goes ahead, Sanlorenzo will be able to leverage the expertise and experience of Simpson Marine, along with their highly specialized know-how. The law firm Musumeci, Altara, Desana e Associati and Howse Williams have assisted Sanlorenzo and Mike Simpson, respectively, with the negotiation of the contractual aspects of the acquisition.
The acquisition is expected to reinforce Sanlorenzo's position as a leading global brand in luxury yachting. In 2022, Sanlorenzo generated net revenues from the sale of new yachts of €740.7 million, adjusted EBITDA of €130.2 million, and a Group net profit of €74.2 million. The acquisition is expected to strengthen Sanlorenzo's position in the luxury yacht market and expand its footprint in the APAC region.
Sanlorenzo was founded in 1985 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 62 meters in length.
Credits: Daniele Barraco/Sanlorenzo