Global Yachting Group, the holding company combining several brands operating in the superyacht painting and maintenance space, is now valued by public investors at over £55 million following its IPO earlier this month on LSE's AIM market.



GYG was initially created in 2014 as the result of a merger between Pinmar, a superyacht painter, with Rolling Stock, also in the painting business but focused on sailing yachts. The Palma-based holding then consolidated its yacht refit storage and tenting business under the Techno Craft brand, which is now part of the Global Yachting Group as well.

In March 2016, private equity firm Lonsdale Capital backed a management buyout of GYG, which nearly a year later, acquired ACA Marine, a fairing business in the yachting space, which now complete's the Global Yachting Group's roster of brands.



Earlier this month, GYG held their IPO and hence listed themselves on the London Stock Exchange's AIM market at a valuation of £46,6 million on July 6th. The group's shares are now trading at £118 per share, up from the starting £112,5 price at the IPO, giving the group a market cap of over £50 million.

From 2014 to 2016, GYG's revenue figures have increased by 15% from £38,62 million in revenue in 2014 to £44,71 million in 2016, closing the past fiscal year with near £800,000 in pre-tax profits according to their financial statements.



With their IPO, the Global Yachting Group joins a very rare breed of publicly traded companies in the boat sector. Other companies include, for example, the French Catana Group, a shipyard building sailing catamarans of up to 70ft, currently listed on Paris' Euronext exchange with a market cap of just over €30 million.

Yacht brokerage firm, Y.CO had held its IPO on the same market as GYG in 2009 pricing its shares at 0,39£ per share, however, after a steady decline in share price, the company ultimately delisted from the stock exchange in 2012 with its shares then priced at £0,03 per share. New superyacht businesses may however appear in the future on public markets as UAE-based shipyard, Gulf Craft may be contemplating an IPO.

Latest News

Rafael Nadal stars in MCY campaign on his 24m yacht
Rafael Nadal, the world famous tennis player currently ranking #1 in the men's singles rating, has now become the star of the latest marketing campaign for Monte Carlo Yachts on board his personal 23,5-meter MCY 76, Beethoven.Delivered in the second quarter of 2016, Beethoven was penned by Italian design studio, Nuvolari Lenard. Reaching a speed of up to 31 knots powered by MAN engines, the MCY 76 has a beam of 5,65m and a draft of 1,6m. Accommodating up to 8 guests, the MCY 76 can carry a crew of 2.Pro tennis player since 2001, the 31 year old Nadal has already secured 5 titles in 2017 including two Grand Slam tournaments, Roland Garros and, most recently, the US Open bringing his total to 74 ATP World Tour titles during the course of his career getting him a total of near $90 million in prize money.The Spanish's star decision to buy a Monte Carlo Yachts 76 has already caused a certain uptick for the brand on social media with one MCY 76 owner joking on Instagram that he was really proud of having the same yacht as Nadal and that demand for them may have just gotten up. Three MCY 76 yachts are currently on the market asking between $2,3-$2,8 million.
ISA sells new 65m yacht project
ISA Yachts, the Italian shipyard now part of the Palumbo Group, has found a buyer for their new 65m project scheduled to be delivered in 2021 developed on an enhanced engineering platform from the 62m Mary-Jean II and Kolaha.Designed throughout by Enrico Gobbi of Team for Design, the 65-meter ISA will have a gross tonnage of over 1,250GT, a full beam master cabin forward of the main deck as well as 6 guest cabins with the option to convert a 7th cabin from a multipurpose room. A beach club is also planned aft of the lower deck with two side opening doors.Upon completion, the 65-meter will become the second largest yacht ever built by ISA Yachts, trailing just under 1m behind the 66-meter Okto built under the shipyard's previous ownership.Facing severe financial issues following a slowdown in construction in 2014, ISA Yachts was looking for a buyer or investor for a substantial time before it was eventually acquired by the Maltese Palumbo Group for €11 million."From the very first meeting with the new team team at ISA, it was obvious that the Palumbo Group's new ownership wrought some very positive changes" commented Simon Goldsworthy, the broker at Edmiston that introduced his client to ISA for this new build. "We are so glad that another experienced yacht owner chose ISA to build his dream and we have no doubt that this yacht will turn heads in every marina." added ISA CEO Giuseppe Palumbo.
Seven Sins and Shogun to be showcased in Monaco
52-meter Sanlorenzo flagship, Seven Sins will be on display at this year's Monaco Yacht Show. The yacht is for sale through Yachting Partners International, who will also showcase the 37m sailing yacht Shogun in the show.The largest yacht ever built by leading Italian shipyard, Sanlorenzo, Seven Sins boasts a high degree of innovation and quality for which the shipyard has become known.Penned by design studio, Officina Italiana, her innovative use of glass can be seen throughout, including her glass bottom swimming pool aft the main deck, which allows light to filter down to an extensive beach club area below. Seven Sins is now asking €32 million.Seven Sins represents a rare opportunity to own a brand new 2017 launch with unique onboard features not found on any other yacht in this size range. Having been put through her paces on the water, she is offered fully owner-ready - and with the wait time for the next model in this range currently at 4 years, now is the time to buy.Matt Albert, Yacht Broker, YPIYPI will be showing the exceptional 37-meter sailing yacht, Shogun at berth T26. Custom built in 2006 by Holland Jachtbouw to a Dixon exterior design with an interior by John Munford, she was refitted as recently as this year. Accommodating up to 6 guests in a master cabin and two twins, Shogun has just completed her 10 year Lloyds survey showing her in top condition with a new AV system and paint job. Ready for a new owner, she's asking €5,750,000.To arrange a visit onboard, please contact Yachting Partners International on brokerage@ypigroup.comSponsored by Yachting Partners InternationalE.
Dynamiq Yachts launches first GT115 designed by Porsche
Startup brand, Dynamiq Yachts has confirmed the launch of their second yacht, the GTT 115 designed in conjunction with Porsche. Asking €13,950,000 the GTT 115 is set to make her debut at the Monaco Yacht Show in just under a week.The second largest model in the company's Gran Turismo Transatlantic range, after their 39m GTT 130, the launched 35m yacht has a beam of 7,1 meters and a shallow draft of just 1,45 meters letting the yacht access sheltered bays.Built out of aluminium, the GT 115 can boasts 3 or 4 cabins for a total of 6 or 8 guests and carries a crew of 6. With a gross tonnage of 198 tons, she can reach a top speed if 21 knots and cruise for up to 3,400 nautical miles at 10 knots. At 9 knots, she consumes just 52 l/h.According to the shipyard, production of the GT 115 will be limited to 7 units to make the yacht a collector's item, with prices starting at €12,500,000, going up depending on customisation. Moored in front of the Monaco Yacht Club during the yacht show, the GT 115 will be joined by the yacht builder's flagship 39m Jetsetter at anchor in front of Monaco.
The 11 largest yachts at the Monaco Yacht Show 2017
The Monaco Yacht Show remains to this day the main event in the superyacht industry despite rising competition from other venues. A position that Informa, the parent company of the MYS, recently consolidated by acquiring FLIBS and other US-based shows. Ahead of the show's start on September 27, we've created a list of the largest yachts attending the event.#1 JubileeLength: 110mBuilder: Oceanco (2017)The largest yacht ever built in the Netherlands, Jubilee was delivered earlier this year by Oceanco to an exterior design by Igor Lobanov. The yacht can carry a total of 31 guests in 16 cabins catered to by a crew of 45. Key amenities onboard include a swimming pool with a built-in aquarium, a helipad and a large beach club.#2 AquariusLength: 92mBuilder: Feadship (2016)92-meter Aquarius (Project Touchdown) was launched by Feadship in September 2016. The superyacht features a resolutely contemporary exterior design with a number of archetypal Feadship elements, such as a conventional bow and raked superstructure shape. The profile comes from the boards of the Dutch company Sinot Exclusive Yacht Design, which was also responsible for the interior design together with the owner's design team in close cooperation with Feadship De Voogt Naval Architects.#3 AretiLength: 85mBuilder: Lurssen (2017)Designed throughout by Winch Design, Lurssen's Areti features a large master suite with 8 additional guest suites. Amongst her amenities are an extensive spa area featuring a sauna, a hammam, a jacuzzi and a plunge pool located near to Areti's beach club.#4 LegendLength: 77mBuilder: IHC Holland / Icon Yachts (1974/2016)Launched in Harlingen in March 2016, 77,4m yacht Legend features naval architecture and exterior styling by Diana Yacht Design, interiors by Thom Beerens and Jan Verkerk. Originally constructed in 1974 by the IHC Holland shipyard, the tranformation into an icebreaking passenger ship with a 1B-Swedish / Finish classification took place at Icon Yachts. Moreover, the vessel was lengthened in the stern by 3,6m, whilst her superstructure was completely redesigned and her mast rebuilt.One of the most alluring features is Legend's swim platform and a large swimming pool/Jacuzzi. In addition, she has a luxurious submarine for underwater exploration. Other amenities include a fitness room, movie theatre, medical suite, bar and BBQ areas. Performance wise the superyacht is powered by Smit-Bolnes engines, providing her with a top speed of 16 knots and a cruising speed of 13 knots. #5 Silver Fast Length: 77mBuilder: Silver Yachts (2015)The 77m superyacht Silver Fast was launched by Silver Yachts in 2015. The exterior was designed by Espen Oeino, representing the most advanced, eco-fuel efficient vessel in the revolutionary silver series. Silver Fast is the fastest long range cruising yacht-4,500 nautical miles at 18 knots and 6,000 nautical miles at 14 knots with an already proven capability to effortlessly complete long passages in every sea state. Moreover, this superyacht represents the world's largest and fastest aluminium motor yacht with conventional propulsion in terms of length to speed ratio. Silver Fast is capable of crossing the Atlantic at approximately 22 knots cruising speed. #6 Cloud 9Length: 74mBuilder: CRN (2017)Delivered by Italian shipyard CRN, part of Ferretti Group, Cloud 9 became a replacement for her owner's previous 61-meter CMN of the same name. With an exterior by Zuccon and an interior by Winch Design, Cloud 9 is able to accommodate up to 16 guests (12 when chartering) in a master suite, a VIP suite and 6 guest cabins catered to by a crew of 22. #7 Project 783Length: 74mBuilder: Nobiskrug (2010)Designed by Reymond Langton Design studio with contemporary interior conceptualised and furnished by the renowned designer Mark Berryman, the 73,5-meter built in Germany by Nobiskrug was formerly known as Flying Fox.Among her features are a luxury beach club, gym on Sun deck, fully equipped private indoor cinema and its outdoor sister. The vessel offers accommodation for 12 guests (cruising and sleeping) in six cabins.#8 Martha AnnLength: 70mBuilder: Lurssen (2008)70.2m Martha Ann was built for Warren E Halle and is the latest of three yachts commissioned by the American entrepreneur from Lurssen. Refitted in 2014, the yacht is classified by Lloyds and MCA compliant. Her 6 cabin-layout can accommodate 12 guests in a full beam master cabin, a VIP on the upper deck and four double cabins on the lower deck. From a technical standpoint, Martha Ann is powered by twin Caterpillar engines of 2,010 hp each giving her a maximum speed of 15.5 knots and a range of 6,000 nautical miles at 13 knots. For maximum comfort, this yacht for sale is fitted with zero speed stabilizers.#9 Game Changer Length: 69mBuilder: Damen (2017)Built by Dutch shipyard Damen the 70-metre Game Changer was launched in March 2017. The support vessel features a fully certified helideck so owners can take larger helicopters on long range flights to their mother yachts and land safely in a wider weather window. Lowering the helicopter into the hangar protects it from the elements so it is refuelled and available for take-off without causing hassle, disruption and noise on the mother yacht.#10 SeasenseLength: 67mBuilder: Benetti (2017)Benetti has launched 67m superyacht Seasense, previously known as FB268, for an experienced owner who has chosen the Italian brand for the first time. The exterior lines of Seasense are by the Dutch designer Cor D. Rover, while the naval architecture was developed by the shipyard’s technical office. The contemporary styling of the interiors, on the other hand, is the result of collaboration between the Benetti’s architects team and the design studio AREA from Los Angeles, making its debut in the world of superyachts. The layout includes six suites that can accommodate up to 12 guests.#11 Infinite ShadesLength: 65,7mBuilder: Amels (2011)65.7m Infinite Shades is one of the largest yachts ever delivered by Amels. Her Andrew Winch designed interior allows for seven spacious cabins and upper deck spaces. Features include a touch-and-go helipad, wet bar and swimming pool, self-contained tender garage, beach club and a glass elevator serving four of the five decks.