MB92 acquired by Squircle Capital

Written by Jason Spinks

MB92 (Marina Barcelona 92) has a new majority shareholder. The superyacht refit, repair and maintenance group announced today that 77.5% of the company has been acquired by Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments.MB92 shipyardPhoto: MB92We are very pleased to welcome Squircle Capital as the new MB92 majority shareholder,” says Pepe García-Aubert, President and CEO of MB92 Group. “They have an exciting long-term vision of how to further grow the group and consolidate our position as market leader and I have no doubt that we will benefit from their strategic expertise and broad experience.” MB92 La Ciotat shipyardPhoto: MB92 La CiotatMB92 La Ciotat

When I think back to our humble beginnings 25 years ago, I feel extremely proud. We have evolved and reached a level of professional maturity that will enable us to move confidently into a new growth phase with Squircle Capital at our side,” García-Aubert says.

José Caireta, founding partner at Squircle Capital adds that in “just a few years, MB92 has managed to carve out a unique position, not only as a leader within the sector but also as an exemplary provider of refit, repair and maintenance services for superyachts. As private equity managers, it is refreshing to find a leading industry player with local roots, a global reach and significant room for further growth.”

John Nery, head of investments at Squircle Capital, added: “We are delighted with this latest addition to the family of portfolio companies at Squircle Capital. We see a tremendous value creation opportunity with this acquisition and will seek to support Pepe and his team in their growth plans as they continue to be at the forefront of technological advancement and service excellence within the superyacht refit sector. Our focus now will be to continue growing the business organically whilst seeking new opportunities to further capitalise on the positive market dynamics we all believe in.”

The transaction entails the acquisition of MB92 Barcelona, which is the parent company of the group, as well as also counting on a 75% stake in MB92 La Ciotat (which was formed by the merging of Compositeworks and Blohm+Voss La Ciotat by the group in 2018). 

Update: The transaction has received regulatory approval and closed in October.



Featured companies


Related companies

Related articles