A leading US broker MarineMax has announced that it has entered into an agreement for acquisition of Fraser Yachts from the AzimutBenetti Group. The transaction is expected to be accretive in its first full year.
In addition, MarineMax strengthens its relationship with Azimut/Benetti through a multiyear exclusive dealership agreement for the Benetti Class of yachts in North America. Before that, MarineMax has represented the Azimut brand in the United States since 2006, growing that brand to rank first in market share among current yacht builders.
W. Brett McGill, Chief Executive Officer and President of MarineMax, Inc., stated:
The acquisition of Fraser is significant for MarineMax as it dramatically increases our presence and strength in the strategically important superyacht category. Second, it expands our international capabilities and footprint, unlocking other potential future opportunities.
Paolo Vitelli, Chief Executive Officer and Chairman of the Azimut/Benetti Group, added:
MarineMax has been a valued partner of the Group. MarineMax’s unrivaled success through many years makes it the best possible owner of Fraser for the future. Strategically, becoming independent from the Group will favour the development of the commercial relationship of Fraser around the world.
Meanwhile, The Fraser team will remain intact and continue to manage operations, with the company’s current directors Paolo Vitelli and Roberto Giorgi remaining with Fraser in an advisory capacity.
Fraser is consistently ranked as one of the leading superyacht brokerage and largest luxury yacht services companies in the world. It was founded in 1947, based in Monaco and operating through 20 offices around the world with over 160 team members. A stake in the brand was sold a to the Azimut-Benetti Group fifteen years ago.
MarineMax with headquarters in Clearwater, Florida, is conceived of as the largest recreational boat and yacht retailer in the USA. The company currently has 67 retail locations, also offering yacht management and crew placement services in multiple countries around the world.
It is worth mentioning, that in 1998 the dealer went public at $13,75 per share, trading today at twice the valuation after a strong recovery since the 2008 financial crisis, which saw its stock fall to under $2 per share in 2009. Today MarineMax is valued at over $600 million.
The acquisition is subject to the customary completion of certain legal requirements in Europe and is currently expected to be completed in stages over the next few weeks.
Antalya-based Alia Yachts has launched its new 55m superyacht Al Waab II. Al Waab II remains below the 500GT threshold by emphasising the hull form and exterior areas, including a sprawling beach club. With design and engineering by Vripack and Dubai-based SF Yachts serving as the owner’s representative during the build, the yacht can sleep up to 12 guests in six staterooms and includes a lavish split-level master suite on the upper deck. “We’re very proud of Al Waab II. We believe it is the longest steel and aluminium yacht below 500GT in the world, setting a new standard in external and internal volumes offered to a client in this category,” says Alia President, Gökhan Çelik. “Yachts are getting longer and wider, but owners still want to stay below the 500GT mark. We’ve seen increasing interest in this kind of yacht and so to be one of the first with such an impressive project is an important milestone for Alia.”“For many owners, the concept of enjoying a ‘home at sea’ is what drives their passion for yachting,” says Bart Bouwhuis, Co-creative Director at Vripack. “The owner of Al Waab II had the explicit desire to use his boat as a family apartment. That desire became the founding principle of the entire design. The result is the very essence of living on the water.”Once outfitting is complete, Al Waab II will undergo sea trials before delivery to her owner. The official World debut will take place late September 2021.Alia Yachts was founded in 2008 by Gokhan Çelik and Omer Koray. Located in the port of Antalya on the beautiful Turkish Riviera, Alia Yachts shipyard currently occupies approximately 8,000 m2, including three construction halls with their suites of specialist workshops and a dedicated interiors facility. With an additional 16,000 square meters under development for 2019, Alia Yachts will rank among the top facilities in the region.Credits: Alia Yachts
July 29, 2021
Camper and Nicholsons has sold the Mangusta 130 African Cat.With Brokers Benjamin Bensahel of Camper and Nicholsons and Ed Dickinson of Northrop and Johnson representing the seller and Broker Peter Hürzeler of Ocean Independence representing the buyer, the sale was concluded after only 43 days on the market.Before the sale African Cat had one owner and had never been chartered. The yacht was delivered in 2007 and has an exceptional condition, with low engine hours and a history of only light private use.Credits: Camper and Nicholsons
July 29, 2021
Antonini Navi makes its debut at the French boat show, held next September 7 to 12. The large stand will welcome visitors who want to learn more about the now famous Utility Platform UP40 project, showcasing scale models of the Crossover, Island and Explore versions born from the creativity of multiple-award winning architect and designer Fulvio De Simoni, based on the approximately 40-meter modular steel platform now under construction at the company’s La Spezia shipyard.OPV 56UP40 Explorer On show at the stand there will also be a scale model of the brand’s latest model, the new Offshore Patrol Vessel (O.P.V.), a 56m yacht under 500 GT. O.P.V. 56, also designed by Fulvio De Simoni, is a totally aluminium yacht with an unequivocally military style featuring an imposing high bow and clean, stripped down lines that give the vessel a unique personality.UP40 IslandAntonini Navi, the maxi-yacht builder established in 2019 by the storied Gruppo Antonini Spa and managed directly by the same family in close partnership with partner and commercial director Aldo Manna.Credits: Antonini Navi
July 29, 2021
ISA Yachts, a brand of Palumbo Superyachts, has launched the elegant classic yacht Resilience. With her 1400 GT, 65m Resilience has been superbly designed by Enrico Gobbi of Team for Design who also developed the interiors. The steel hull is combined to an aluminum superstructure and her layout has six cabins (plus a seventh convertible) including a full-beam owner's suite located forward on the main deck. Modern clean line furniture has been selected to interact with the outdoors in perfect harmony.Two swimming pools (one with a countercurrent swimming system), gym, massage room with sea view, Turkish bath, outdoor cinema room, two jet skis and two tenders, are just a few of the chosen amenities on board this jewel of the sea.“M/Y Resilience is a project in which we have invested a lot and which fills us with enormous pride. I thank the owner and his family who have given us their trust and who, by christening their yacht with this name, have expressed a feeling that has seen us all united and resilient against the pandemic. This superyacht will surprise for the Italian taste it expresses, for the refinement in the exterior and interior details and for the technological innovations implemented,” says Giuseppe Palumbo, CEO of Palumbo Superyachts.Resilience will officially debut at the next Monaco Yacht Show 2021.Palumbo Superyachts began to take root in 2008, when the Columbus Yachts brand was established, and in 2011 launched its first 54 meter superyacht, emblematically christened “Prima” (“the First”). Currently, Palumbo Superyachts comprises a representative office in Monaco and a logistics network of five shipyards in the Mediterranean (Ancona, Malta, Marseille, Naples, and Savona), and also operates the following brands: ISA Yachts, Columbus Yachts, Mondomarine and Palumbo SY Refit.Credits: Palumbo Superyachts
July 29, 2021
The first CLB72 was launched in 2019 and has rapidly become one of the fastest-selling models in the CL Yachts stable. Construction is now complete on the seventh unit of CLB72, and the yacht builder is preparing her for delivery to Fort Lauderdale, Florida. Of the five already sold, four were delivered to clients in the USA and one in Hong Kong. CL Yachts has introduced sliding windows in the galley and, for the first time, fully opening up-down electric windows in the adjacent saloon, providing an inside-outside feel to the main deck’s open-plan interior so guests feel at one with the surroundings. The four guest cabins on the lower deck also benefit from improved natural ventilation thanks to the introduction of opening port lights.Up top, the expansive flybridge now offers an electric grill and enhanced L-shaped seating arrangement under the shade of the hardtop to ensure guests enjoy alfresco cooking and dining in fun, convivial ways.CLB72 has world-class engineering and RINA-certified composite hull construction. Working with celebrated naval architect Howard Apollonio and leading marine structural engineering firm Gurit, CLB72 offers agile and uncompromising performance. As standard, the yacht is powered by optional twin Volvo Penta IPS 1050 engines for a top speed of 27 knots alongside a highly efficient fuel consumption rate. The sixth and seventh units of CLB72 have been specified with the Volvo Penta IPS 1350 for a top speed of 31 knots.“We are delighted with the positive response to CLB72 in such a short space of time, and are confident that it offers an outstanding family cruising experience on the water. The valuable feedback from each of our clients means we have already been able to make a number of enhancements to elevate the yachting experience on CLB72. As a company, we never stop learning and growing,” says Martin Lo, CL Yachts Director.CL Yachts’ goal is to offer unparalleled experiences to the modern explorer. The luxury performance brand stands apart from its competitors thanks to its unique approach to design – driven by CL Yacht’s core value of innovation. Fusing progressive design with engineering prowess and state-of-the-art technology, every element of CL Yachts’ vessels are meticulously geared to steer luxury into uncharted territories.Credits: CL Yachts
July 28, 2021