70% of companies in the yachting sector describe themselves as leading according to a study performed by Yacht Harbour on a sample of over 100 companies. It can therefore be hard for customers to differentiate at first glance the real financial position of companies and their scale.
Following a very active past 20 years in the mergers and acquisitions space in the yachting industry, some behemoths have emerged, controlling a large portion of the market and shaping the industry moving forward. Some high-profile individuals and corporations have also become involved in the superyacht industry in recent years. We have therefore investigated some of the most powerful corporations and individuals in the yachting space.
Dalian Wanda Group
Princess AVK
Annual revenue: $39.47 billion (2014)
Chairman & Founder: Wang Jianlin
Brands: Sunseeker
Largest commercial real estate operator in China and world's largest cinema chain operator, Wanda Group was founded in 1988 by Wang Jianlin. The company has today 634 billion yuans in assets and manages over 26 million square meters of hotel property. In 2013, the company decided to purchase UK-based yacht manufacturer, Sunseeker.
Having gone through losses of 9 million pounds in 2009, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. Sunseeker was sold in 2013 to the Wanda Group for around 300 million pounds according to the Financial Times.
LVMH
Symphony - © Feadship Fanclub
Annual revenue: $35.6 billion (2015)
Chairman & CEO: Bernard Arnault
Moet Hennessy Louis Vuitton, better known as the French luxury goods conglomerate, LVMH, is perhaps not so surprisingly also a player in the superyacht industry. In 2008, L Capital, the company's investment arm, purchased Princess Yachts in a deal worth 200 million pounds according to Reuters, with support from the Calyon investment bank.
Later that year, the conglomerate strengthened their position in the company with the purchase of Royal Van Lent, part of the Feadship organization, for a reported sum between 200-400 million euros. In 2007, Royal Van Lent had posted sales of 100 million euros.
Gavio Group
Fast - © Baglietto
Annual turnaround: €2.2 billion (2012)
Gruppo Gavio, a large Italian corporation whose main business lies in motorway concessions with the company operating over 1400 kilometers of motorways in Italy, also has interests in the yachting industry. In 2012, Bejamino Gavio led an acquisition of the iconic Italian Baglietto shipyard for a sum of €18.5 million. The shipyard had been through some rough waters during the financial crisis resulting in 73 million euros of negative equity in 2009.
The group further consolidated its position in the sector by purchasing Cerri Cantieri Navali, a few months before the Baglietto deal, and by later acquiring US-based Bertram in 2015.
Privinvest Group
Siren © Yacht Harbour
Current owners: Akram & Iskandar Safa
Privinvest Group is one of Europe's largest maritime corporations which is involved in naval manufacturing and is also involved in the superyacht industry. Founded by the Safa brothers, Privinvest purchased Constructions mécaniques de Normandie (CMN) based in Cherbourg, France in 1992. The company then managed to turn around the fledging shipyard with new orders from the Middle East according to the Independent.
In 2007, the group funded 30% of the Abu Dhabi MAR company which ventured into shipbuilding through ADMShipyards and worked on the 141-meter Yas. In 2009, Privinvest continued to consolidate its position in the sector by acquiring German shipyard Nobiskrug.
Azimut-Benetti Group
I Dynasty © Superyachts Monaco
Maximum recorded asset net worth: €300 million (2011)
Current owner: Paolo Vitelli
Brands: Benetti, Azimut
Azimut was established in the early 1970s by Paolo Vitelli as a dealership of Amerglass boats. The company then evolved into yacht manufacturing by building its first 43ft boat. It later delivered Failaka, the first 30-metre fibreglass yacht ever built, to a Kuwaiti prince. In 1985, Azimut took over the Fratelli Benetti boatyard in Viareggio, setting the roots for the group. The company later started collaborating with young designer, Stefano Righini, which would bring the Azimut lines the company is known for today.
The company acquired the Gobbi shipyard in 2001 which now produced the group's Atlantis range from 10m to 18m. In 2004, the group acquired Fraser Yachts, a large yacht brokerage company. It later developed Marina di Varazze and the Royal Yacht Club in Moscow. By 2011, the group's net assets grew to €300 million according to this presentation with a turnover of €600 million, a significant cut on its €1 billion turnover in 2008 according to the Financial Times.
Ferretti Group
Chopi Chopi © Yacht Harbour
Maximum recorded value: €1.5 billion (2007)
Current owners: Weichai Group, Royal Bank of Scotland
Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge. By 1996, the group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the company multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity according to Bloomberg.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
Vagit Alekperov
Galactica Super Nova - © Dick Holthius
Net worth: $11.1 billion (2016)
Brands: Heesen Yachts
Mr. Vagit Alekperov is currently considered to be Russia's 9th richest man according to Forbes. In May 2015 it became known that the head of Lukoil, Russia's largest independent oil company, is the current owner of Heesen.
In 2008, Mr. Alekperov purchased Heesen Yachts from founder, Frans Heesen, for a reported sum of 100 million euros. The shipyard posted profits of €5.2 million in 2013 according to Forbes Russia.
In March 2016, Heesen launched its newest flagship, the 70m Galactica Super Nova (Project Kometa) which was built for Mr. Alekperov according to Dutch publication, Quote.
Mohammed Al Barwani
Turquoise - © Ocean Independence
Net worth: $1.2 billion (2015)
Energy tycoon, Mohammed al-Barwani made his wealth investing in oil, gas, minerals and manufacturing. In 2010 he however decided to purchase Dutch shipyard, Oceanco from Greek shipping magnate, Theodore Angelopoulos. First company to build spa pools on superyachts, Oceanco has much benefited from the hands-on approach of Al Barnawi delivering the beautiful Nirvana for Russian billionaire Potanin as well as expanding its facility to be able to construct yachts up to 160 meters.
In December 2013, al-Barwani further consolidated his position in the industry, purchasing Turkish yacht manufacturer, Proteksan (now Turquoise Yachts), which was struggling following the highly publicized sinkage of M/Y Yogi.
Grand Soleil Yachts has opened 2025 with significant news unveiled at boot Düsseldorf, highlighting new models, innovative projects, and upcoming events. The Italian shipyard, recognized for its expertise in sailing yachts, reported growth in 2024 compared to 2023 and anticipates further expansion in 2025, as emphasized by CEO Marcello Veronesi.Grand Soleil 52 PerformanceThe Grand Soleil Blue, making its world premiere, is the centerpiece of the event. This eco-conscious yacht focuses on sustainability and addresses the end-of-life cycle of yachts, reflecting the industry's evolving priorities. Grand Soleil owner and ambassador Max Sirena participated in the presentation, sharing his experiences with this new project.Grand Soleil 52 PerformanceThe Grand Soleil 52 Performance also features prominently, marking the return of a model originally launched in 1987. Updated with enhancements to performance, maneuverability, and comfort, the GS 52P made its debut at the Cannes Yachting Festival in 2024 and is now presented for the first time at boot Düsseldorf.Grand Soleil Yachts also announced the 2025 Grand Soleil Cup, which expands into three stages across the Tyrrhenian Sea, Adriatic Sea, and Lake Garda. Racing sessions in Cala Galera and Portopiccolo will culminate in a final match race in Malcesine aboard Grand Soleil Blue yachts. Full details will follow.Grand Soleil Plus 80Additionally, the company introduced the PLUS Line, a new category for yachts over 60 feet. This line emphasizes personalized service and co-creation with clients from the initial design phase. Heading the line is the Grand Soleil Plus 80, a flagship model under construction in its Long Cruise version, with a launch planned for 2026. The PLUS Line represents a commitment to customization and in-house production for superior quality control. GS BlueGrand Soleil Yachts’ announcements at boot Düsseldorf reaffirm its focus on evolving with market demands while maintaining its legacy in sailing yacht design and craftsmanship.Cantiere del Pardo was founded in 1973 in Italy. Pardo Yachts, the brand of Cantiere del Pardo dedicated to powerboats, was born in 2016. The first model, the Pardo 43, was launched in 2017. Grand Soleil was founded in 1973 and is famous for its yachts, which ensure performance for regattas, autonomous long-distance navigation, as well as a high level of sustainable consciousness.Credit: Alberto Cocchi; all provided by Cantiere del Pardo
January 20, 2025
Mylius Yachts has unveiled the M47P, its latest high-performance motor yacht, at boot Düsseldorf 2025. Marking the shipyard’s return to the motorboat segment, the 15.4-meter M47P introduces a combination of speed, design, and customization tailored to meet growing demand for powerboats, particularly in the U.S. market.Designed by Alberto Simeone and built using fiberglass infusion with epoxy resin and carbon reinforcements, the M47P achieves speeds of up to 56 knots with its four Mercury 500 R outboard engines. Its streamlined, muscular design reflects a focus on high performance and a distinctive visual identity, including a teak deck and a carbon hardtop that evokes the shape of a rising wave.The M47P features a double-step V-shaped hull designed for rapid planing, improved lift, and reduced wet surface area. This innovation ensures high-speed stability, reduced vibration, and a dry ride even in challenging conditions. The layout includes spacious outdoor areas with a versatile cockpit that transitions into a sunbathing space, fold-down side panels for water access, and an optional enclosed cockpit for all-weather use.Below deck, the M47P offers customizable accommodations for four guests. A standard layout includes a forward owner’s cabin with a king-size bed and en-suite bathroom, along with a guest cabin accessed from the cockpit. An alternate layout places the owner’s cabin aft. Buyers can select finishes ranging from teak and oak laminates to premium fabric options from brands like Loro Piana.The yacht’s command console integrates advanced features, including dual Garmin displays with Empirebus integration for full system control, ergonomic Besenzoni seats, and a joystick for docking. Optional equipment includes a Seakeeper 6 stabilizer, air conditioning, and a Starlink repeater.Mylius Yachts reports strong initial interest in the M47P, with two units delivered and four more under production, aiming for an annual output of 12 vessels. This expansion complements the company’s established reputation in sailing yachts and its introduction of the MY62 monohull, further diversifying its offerings.“The M47P and MY62 reflect our commitment to distinctive style, customization, and performance while maintaining the craftsmanship that defines Mylius Yachts,” said Valentina Gandini, CEO. The M47P is now on display at boot Düsseldorf at Stand 5D20 in Hall 5.The Mylius Yachts shipyard, headquartered in Podenzano, has been dedicated to the construction of fast sailing vessels and performance cruisers with a recognizable and winning style since its foundation. Mylius is among the leaders in the production of yachts ranging from 55 to 80 feet. Mylius has added the production of motorboats, including fast motorboats and habitable motor yachts.Credits: Mylius Yachts
January 20, 2025
Sirena Yachts has introduced the Sirena 60 at boot Düsseldorf 2025, a model designed to succeed the popular Sirena 58. The new yacht offers increased space, upgraded features, and a contemporary aesthetic, with its world debut scheduled for the Cannes Yachting Festival in September 2025.The Sirena 60, designed by German Frers, retains the signature features of its predecessor, including flexible accommodation and distinctive exterior lines. However, the yacht has undergone significant updates to enhance its functionality and visual appeal.Changes to the exterior include a redesigned transom, which provides additional platform space and modernizes the stern’s appearance. Larger storage lockers and improved access to the dock have also been incorporated. The foredeck lounge features new seating arrangements, a larger foldable table, and convertible sunpads, making it ideal for outdoor dining and relaxation. The flybridge, another hallmark of the Sirena 58, has been refined with modernized pilot seats, a Corian worktop in the bar, and a new convertible headrest for the sunpad.Interior updates focus on optimizing space and usability. The galley area has increased by nearly 20%, with expanded work surfaces and enhanced storage. New ergonomic pilot seats and a redesigned indoor helm station improve comfort and functionality. Below deck, the yacht maintains its three-cabin configuration, including a full-beam master suite, a spacious VIP cabin, and a flexible third cabin with convertible beds. Ensuites now feature separate shower areas, and additional storage options have been integrated.The Sirena 60’s design eliminates rounded edges in favor of cleaner lines, freeing up more usable space throughout the yacht. Added details include new niches in Corian and space for a washer-dryer below the companionway.Construction of the Sirena 60 is well underway, with hull and deck moulding complete and outfitting in progress. The yacht is set to launch in July, with Sirena emphasizing the improvements aimed at enhancing onboard living and leisure.Sirena Yachts is a Turkish yacht brand. The company produces semi-displacement motor yachts ranging from 17m to over 30m.Credit: Sirena Yachts
January 20, 2025
As 2025 begins, Southern Wind has announced significant developments, including the introduction of its new flagship, the SW123, alongside three additional yachts currently under construction.The SW123 represents Southern Wind’s largest and most advanced yacht to date. Designed by Farr Yacht Design for naval architecture and Nauta Design for exterior and interior styling, the SW123 combines performance, sophistication, and a focus on responsible design. As a customizable platform, it aims to deliver long-range cruising capabilities with comfort and luxury. Construction of the first SW123 is underway, with a scheduled launch in February 2027. The yacht will also be available for charter, reflecting the owners’ intent to share their passion for sailing.Southern Wind’s shipyard in Cape Town is currently managing a robust order book for 2025, with four yachts under construction:SW108#03: Scheduled for launch in November 2025, this third unit in the SW108 series builds on the success of its predecessors, including the regatta-winning SW108#01 Gelliceaux. It is designed for superyacht racing and global cruising, tailored for a youthful and dynamic owner.SW96#06: Launching in May 2026, this sixth unit in the SW96 series integrates speed and elegance. Commissioned by an experienced sailor, the yacht is optimized for both offshore and coastal racing and will debut in regattas in 2026.SW100X#01: The first yacht in the new SW100X miniseries, set to launch in October 2026, introduces a modern crossover concept. Key features include a 20.2 sqm Seaside Lounge that connects directly to the sea. This yacht is designed for versatility, offering comfort and performance with easy handling for reduced crew operations.Southern Wind’s "Smart Custom" approach, blending tailored customization with proven platforms, continues to attract owners seeking reliable, high-performance yachts that align with their personal sailing aspirations. The strong order book for 2025 underscores the resonance of this concept within the sailing community.These developments reflect Southern Wind’s commitment to advancing luxury yacht design while maintaining the core values that define its reputation in the industry.Credit: Southern Wind
January 17, 2025
Silent Yachts is preparing for a busy year in 2025, building on significant achievements in 2024. The company delivered six SY62 models over the past year and plans to increase output by 50% in 2025, including the launch of its new flagship, the SY80. The shipyard in Fano, Italy, is operating at full capacity, with seven yachts in advanced stages of construction and scheduled for delivery in the first half of the year.Under new management since March 2024, Silent Yachts implemented a modular construction system at its shipyard. This approach allows yacht modules to be built simultaneously and assembled in the final production phase, streamlining the process and improving efficiency. The company now achieves a production rate of one yacht per month. According to CEO Fabrizio Iarrera, this restructuring played a pivotal role in the company’s successful year, marked by the delivery of the triple-deck SY62 and its global debut at the Cannes Yachting Festival.Silent Yachts expanded its visibility in 2024 through participation in several prominent boat shows, including its first appearance at the Venice Boat Show and the debut of the SY62 3-Deck Open at Cannes, where it won the "Most Efficient Yacht" award at the World Yachts Trophies. The company also increased its presence in the US, opening a new commercial office at Fort Lauderdale’s Safe Harbor Marine Center to strengthen its sales and after-sales support.The year also saw the establishment of a dedicated Silent Yachts charter network, with operations in the Caribbean and the western Mediterranean, offering potential customers the chance to experience its yachts firsthand. A 10-day sea trial program in the Bahamas highlighted the compatibility of Silent Yachts with environmentally sensitive areas, thanks to their low draft and silent electric propulsion systems.Silent Yachts is set to continue its international outreach in 2025. The SY62 3-Deck Open will be on display at the Palm Beach International Boat Show from March 19–23. The SY62 3-Deck Closed, featuring an enclosed upper deck with panoramic views, will make its debut at the Singapore Yachting Festival from April 10–13. In addition, the SY80 flagship is scheduled for launch later this year.Looking further ahead, Silent Yachts is collaborating with superyacht designers Nuvolari Lenard on a new 70-footer expected to launch in 2026. According to Iarrera, the company remains committed to innovation and is working on new models while expanding its presence in key markets.Credit: Silent Yachts
January 17, 2025