After the declaration of bankruptcy came in January 2021, the future of Italian yachting firm Perini Navi, looked cloudy. It wasn’t long however, before some of the biggest names in the industry began to express their interest in the shipbuilding firm. Among other, Palumbo Superyachts and The Italian Sea Group both voiced their interest in public statements and it has just been announced that the private equity firm, Clessidra, alongside partners, have signed an agreement to relaunch the Italian company. Photo: H&HFenix, the majority shareholder of Perini Navi announced the news yesterday morning, and according to Reuters, a statement has been released with news of a significant increase in the company's capital. The shipbuilders are famous for their construction of some of world renowned sailing yachts, such as the 88-metre Maltese Falcon and the 60-metre Perseus. They have also produced a number of superyachts in recent years, such as the 73-metre Nautilus, launched in 2014.Photo: Merijn de Waard / SuperYacht TimesThough specific details of the investment have not yet been released, it has been suggested that this new turn of events will enable Perini Navi not only to continue the construction of their yachts, but also to maintain its current workforce.
In their statement, Fenix commented, “The objective is to preserve Italian excellence and Perini Navi’s world leadership in sailing yachts above 40-meters in length, with clear benefits for all the company’s creditors and stakeholders.” Though the company was ruled as officially bankrupt in January, the bankruptcy court has not yet issued any statement on this new development.