<a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick SpA</a>, the Italian maker of nautical accessories, has signed an agreement to purchase 100 percent of <a data-gid="gid://syiq/Company/7095" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanguineti Chiavari (Company)">Sanguineti Chiavari Produzione Articoli Nautici Srl</a>, a Ligurian company specialising in the design and production of complex components for large pleasure boats, including gangways, boarding ladders, bathing ladders, tender handling systems, deck accessories and customised furnishings. <img src="https://photo-assets.superyachttimes.com/photo/264522/image/large-1e3343c0b3ae1ddb1faf0bbf9f20f191.jpg" data-gid="gid://syiq/Photo/264522">Owned by Fondo Italiano d'Investimento SGR, Armònia SGR and the Marzucco family, <a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick</a> offers a diverse range of products from battery chargers, thrusters and docking systems to gyroscopic stabilisers, technical and decorative marine lighting, windlasses and anchoring systems for yachts of all types and sizes. Each of its product lines is designed, engineered and manufactured at its Italian headquarters in Ravenna, Italy.<img src="https://photo-assets.superyachttimes.com/photo/264520/image/large-77121db3ccf15da1042d7ebffc582cbe.jpg" data-gid="gid://syiq/Photo/264520">“<a data-gid="gid://syiq/Company/7095" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanguineti Chiavari (Company)">Sanguineti</a> is a company offering important manufacturing skills and a brand recognised worldwide for its quality and reliability, in a segment of the market with great potential for growth,” says <a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick</a>'s CEO Michele Marzucco. “<a data-gid="gid://syiq/Company/7095" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanguineti Chiavari (Company)">Sanguineti</a> represents the first step in a project that aims to position Quick as a supplier of advanced value-added systems in all market segments,”The acquisition is part of <a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick</a>’s strategy &nbsp;to consolidate its supply chain and grow the Group’s presence in the superyacht segment, a process that had already begun with the design and production of gyroscopic stabilisers, fins, windlasses and large propellers. Quick has seen its consolidated turnover grow from €35 million in 2018 to €62 million in 2022. Italy and the USA, the Group’s two most important markets, saw an increase in revenue of 27 percent and 22 percent respectively in 2022 compared to the previous year. <img src="https://photo-assets.superyachttimes.com/photo/264521/image/large-a833e111b0f1cc34a54668b0a740fe43.jpg" data-gid="gid://syiq/Photo/264521">“The Sanguineti takeover is a valuable opportunity for <a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick</a>, allowing the Group to set up new synergies in sales and production; another step on the ambitious path toward becoming a more important player in the nautical components sector,” says Gianpaolo Di Dio, Senior Partner of Fondo Italiano and Chairman of the Board of <a data-gid="gid://syiq/Company/7094" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick SpA (Company)">Quick</a>. “We are seeing a lot of interest in our consolidation project among entrepreneurs in the industry, and we hope to continue on this path and announce more new buyouts of outstanding companies in the supply chain as early as this year."

Quick Group acquires Sanguineti

Sanguineti products

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Sanguineti factory

Quick SpA, the  Italian maker of nautical accessories, has signed an agreement to purchase 100% of Sanguineti.

Netherlands-based marine electrical companies <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a> have joined forces to provide further services to the maritime community. From 1 June 2023, <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen</a> will officially fall under the umbrella of the <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> Group. <img src="https://photo-assets.superyachttimes.com/photo/272578/image/large-9ac400099a30d4992090ad355ee17e18.jpg" data-gid="gid://syiq/Photo/272578">The merger will bring the two companies together for the delivery of advanced electrical system integration systems for all types of yachts above 30-metres. The shared vision between <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a> allows the companies to expand on their portfolios while meeting the needs of those within the industry.&nbsp;"Our two families are uniting to deliver the best solutions for the yachting industry,” explained Gert Bravenboer, CEO at <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a>. “Fully complementary to each other, we are uniquely positioned to create value for existing and new customers. Together, we will be the go-to technology partner on all aspects of automation, electrification and digitalisation. From consulting, engineering and installation to commissioning, service and maintenance, it's a perfect fit."<img src="https://photo-assets.superyachttimes.com/photo/272577/image/large-150d4282ba9b14d3509de682379e56c2.jpg" data-gid="gid://syiq/Photo/272577">The merger will represent a new chapter in history for both <a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> and <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a>. This will benefit not only both companies, but also the employees, customers and shareholders. This will allow them to provide even more innovative solutions and expand the complexity of their projects.“<a data-gid="gid://syiq/Company/317" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alewijnse (Company)">Alewijnse</a> is the best choice because the chemistry between the companies means we speak the same language and complement each other. The synergy is great because we stop where Alewijnse starts. Our combined portfolio will broaden all at once to cover yachts from 30 right up to 130 metres. Together, we form a one-stop-shop for every kind of yacht. That way we can completely unburden our customers," added Pedro Kappen, owner of <a data-gid="gid://syiq/Company/7180" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tijssen Elektro (Company)">Tijssen Elektro</a>.<img src="https://photo-assets.superyachttimes.com/photo/272579/image/large-1444065a001052c048600aeb12470fcf.jpg" data-gid="gid://syiq/Photo/272579">

Electrical services companies Alewijnse and Tijssen Elektro merge

Alewijnse and Tijssen Elektro have joined forces to provide further services to the maritime community.

Alewijnse and Tijssen Elektro merge to strengthen yacht electrical services

<a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> has been acquired by the global communications company Viasat. The combined company enhances the scale and scope to continue to drive growth in the increasingly dynamic and competitive satellite communications industry. The employees of <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> will retain their roles under the new ownership, and Rajeex Suri and Andy Sukawaty, CEO and Chairman, will join the Viasat Board of Directors.<img src="https://photo-assets.superyachttimes.com/photo/251466/image/large-5d9ca2aceec40452a7ab1bf77d737e3a.jpg" data-gid="gid://syiq/Photo/251466">The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector, offering new and improved capabilities to customers that will address the ever-increasing speed, flexibility, reliability, coverage and security they demand.“We are thrilled to welcome <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a>’s employees, customers, shareholders and partners into the Viasat ecosystem,” said Mark Dankberg, Chairman and CEO, Viasat. “The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price.<img src="https://photo-assets.superyachttimes.com/photo/251465/image/large-65250364f6dfbf29802d99a42e82cf83.jpg" data-gid="gid://syiq/Photo/251465">“Thanks to all those who worked so tirelessly and thoroughly to complete this transaction,” said Dankberg. “I’d also like to thank the Viasat team and the leadership team at Inmarsat, especially the contributions of Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> Chairman. Rajeev and Andy will be joining the Viasat Board of Directors as representatives of the prior <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> private equity ownership consortium. I look forward to their continued contributions to the company.”The combined company will continue to be led by Mark Dankberg as Chairman and CEO and Guru Gowrappan as President. Viasat also reconfirmed that its new global international business headquarters will be in London. Corporate headquarters will continue to be in Carlsbad, California. Further decisions regarding organizational structure and leadership will be determined as part of the ongoing integration process.“Our goal is to be the undisputed leader in satellite communications with a sharp focus on providing the best products and services for our customers,” said Gowrappan. “We are more than the sum of our parts. This combination broadens the global fixed and mobile services available to customers in an industry-defining moment. We intend to move quickly to bring the best from each company together in a way that creates much deeper value for our stakeholders and ensures we deliver on our synergy commitments.”<img src="https://photo-assets.superyachttimes.com/photo/195034/image/large-e11ca4b857f5c9a2b385bfc4f99ce95d.jpg" data-gid="gid://syiq/Photo/195034">“Satellite communications is a hugely significant and strategic global market for the U.K. space sector, now poised for an exciting next phase,” said George Freeman MP, the U.K.’s Minister of State at the Department of Science, Innovation &amp; Technology. “The combination of Viasat and Inmarsat creates a global leader in satellite communications here in the U.K. It brings significant investment, hundreds of new highly skilled jobs and will serve as a catalyst for substantial economic growth. Having met both companies, I look forward to working with them as we use the U.K.’s regulatory freedom and leadership to support advanced technologies to boost the space economy’s productivity, profitability and sustainability.”Under the terms of the purchase agreement, at the closing of the transaction, Inmarsat’s shareholders received an aggregate of $551 million in cash, subject to adjustments, and approximately $46.36 million shares of common stock. The cash portion of the purchase price was reduced from $850 million to $551 million after Inmarsat paid a $299 million special dividend to its shareholders in April 2022. The shares issued to the <a data-gid="gid://syiq/Company/4064" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inmarsat plc (Company)">Inmarsat</a> shareholders at the closing represent an aggregate of approximately 37.6 percent of the total shares of Viasat common stock on a fully diluted basis, with no Inmarsat shareholder receiving shares representing 10% or more. In connection with closing of the acquisition on May 30, 2023, Viasat drew down on approximately $1.35 billion of its committed financing package, including a $617 million secured term loan facility and a $733 million unsecured bridge loan. The lower financed amount reflects in part the reduction in the cash component of the purchase price.

Inmarsat acquired by Viasat

Inmarsat has been acquired by global communications company Viasat.

Inmarsat acquired by global communications company Viasat

The French electrical and electromechanical services company <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">Yachtelec</a> has been acquired by the ship repair and maintenance group AMARIX, the owner of MACOR and ETI Services companies. Amarix has acquired a 100 percent stake in the company which is based at <a data-gid="gid://syiq/Company/5375" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="La Ciotat Shipyards (Company)">La Ciotat Shipyards</a> in the South of France. <a data-gid="gid://syiq/Company/7171" href="https://sya.superyachttimes.com/news#managed-by-system" target="_blank">Yachtelec</a> was founded in 2007 and has worked on more than 700 major yacht projects, with major industry names including <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> and <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a>.<img src="https://photo-assets.superyachttimes.com/photo/272302/image/large-ea0546e0c00d33ed24f4d6320c131573.jpg" data-gid="gid://syiq/Photo/272302">The acquisition, for an undisclosed sum, is part of a wider strategy to increase the group’s market presence and to leverage the turnkey project capability of the company’s MACOR brand in the international superyacht sectors. MACOR specialises in the repair of mechanical and hydraulic systems and machinery, fabrication, and pipework. Since its formation in 1986, the company’s four business units has worked on more 3,000 vessels and represents some of the maritime industry’s market leading OEMs (original equipment manufacturers), operators and managers.<a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)"><img src="https://photo-assets.superyachttimes.com/photo/272303/image/large-e4cbb96766566bd6db8ae9ff0b316b1a.jpeg" data-gid="gid://syiq/Photo/272303"></a>“The acquisition of <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> makes complete sense and strengthens the group’s portfolio,” said AMARIX founder Nicolas Martinetti. “With <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> joining the group’s MACOR and ETI Services brands we close the circle to provide a complete turnkey services solution, covering all mechanical, hydraulic, electrical, electromechanical, and electronic systems onboard. We look forward to welcoming our new colleagues to the AMARIX family, now counting 75 employees, and working with them to ensure a seamless transition for our new clients and customers,” he said.Commenting on the developments taking place in the luxury yacht market, Xavier Deval, Amarix Group's Business Director, said: “It is forecast that that the luxury yacht will grow by 8% in the next five years, with the trend being for larger vessels. We are already seeing some yacht refit yards invest in facilities to meet the demand for larger, longer tonnage. But owners are also looking for models with a higher degree of customisation and features, such as state-of-the-art lighting and audio systems. We can now meet this demand. The inclusion of <a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">YACHTELEC</a> to our portfolio significantly strengthens our network, almost doubling the number of technical experts and specialists we have in the field.”&nbsp;<a data-gid="gid://syiq/Company/7171" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yachtelec (Company)">Yachtelec</a> Director Remi Colace said: "The acquisition and integration in to AMARIX Group is a great step forward for YACHTELEC, ensuring brands continued development and growth trajectory. This makes us stronger and able to offer more technical packages and expertise to our superyacht customers and more."&nbsp;

Amarix Group acquires Yachtelec

The ship repair and maintenance group Amarix has acquired French electrical and electromechanical services company YACHTELEC. 

Repair and maintenance group Amarix acquires electromechanical services company Yachtelec

The German ship and superyacht builder <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> has acquired a 25 percent share of the <a data-gid="gid://syiq/Company/1075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd Werft (Company)">Lloyd Werft</a> shipyard in Bremerhaven which was rescued from insolvency in 2022. The previous shareholders of <a data-gid="gid://syiq/Company/1075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd Werft (Company)">Lloyd Werft</a>, the Gustav Zech Foundation and the Rönner Group, will retain their shares of 25 percent and 50 percent respectively.<img src="https://photo-assets.superyachttimes.com/photo/187919/image/large-a57b186dd13f9b0328662ebc98cc0f8f.jpg" data-gid="gid://syiq/Photo/187919">According to the Federal Cartel Office, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>'s entry is permitted because there is considerable competition in the construction and repair of civil ships and yachts in particular, both in Germany, but also worldwide. The shipyard currently has over 200 employees and the entrance of <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> into the ownership agreement will help to secure those jobs, and to continue the yard's yachting industry activities. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/250303/image/large-570ecf32ee6b3d131ac95ffc9bcf438c.jpg" data-gid="gid://syiq/Photo/250303">Andreas Mundt, President of the Federal Cartel Office, commented, "The <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen Group</a> from Bremen and the <a data-gid="gid://syiq/Company/1075" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lloyd Werft (Company)">Lloyd</a> shipyard in Bremerhaven are both active in the construction and repair of civilian ships, especially yachts. There are a large number of competitors in this area, both in Germany and worldwide. Against this background, the merger project was approved."&nbsp;

Lürssen acquires 25 percent of Lloyd Shipyard 

Lürssen has acquired a 25% share of Bremerhaven Lloyd Shipyard.

Lürssen acquires 25% of Lloyd Werft Shipyard in Bremerhaven

Gulfstream Aerospace Corporation has announced the appointment of <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> as its international sales representative for Gulfstream sales in the United Kingdom and Channel Islands. Edmiston will be responsible for promoting and supporting Gulfstream with customers and prospects throughout the region. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/268669/image/large-702867741e5a56010988526d19adae64.jpg" data-gid="gid://syiq/Photo/268669">Scott Neal, senior vice president, Worldwide Sales, for Gulfstream comments, "Michael Swift, Gulfstream’s Division Vice President of sales for EMEA-ISC and I look forward to working with Jamie Edmiston and his team to leverage their local expertise as we continue to expand our presence and grow our share in these key markets. <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> is well-respected in their industry and was an excellent partner choice given their strong customer relationships and shared focus on sustainability.”<img src="https://photo-assets.superyachttimes.com/photo/268671/image/large-4f1ae7a6abd1568cd51340c2596f8768.jpg" data-gid="gid://syiq/Photo/268671">Gulfstream opened its state-of-the-art LEED-certified, 20,903 square-meter service centre at Farnborough Airport in the United Kingdom in 2020. Designed with sustainability in mind, the centre includes rainwater harvesting, hangar radiant heating, intelligent lighting controls and heat recovery systems. Gulfstream was also the first original equipment manufacturer to fly on 100 percent sustainable aviation fuel (SAF) and the first business jet to cross the Atlantic using SAF.<img src="https://photo-assets.superyachttimes.com/photo/268670/image/large-990bb272fc83dc5f1ab042c5341b29a6.jpg" data-gid="gid://syiq/Photo/268670"><img src="https://photo-assets.superyachttimes.com/photo/268672/image/large-1d76aa6e294cd37596e5f546409bb342.jpg" data-gid="gid://syiq/Photo/268672">“We have long been known as innovators in both business and marketing, working with leaders in their fields,” said Jamie Edmiston, chief executive, <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>. “I am delighted to be partnering with Gulfstream, the industry leader in sustainability, and with the most highly regarded fleet of business jets.”<img src="https://photo-assets.superyachttimes.com/photo/268668/image/large-4097572da0a97f6920de29067cc75d31.jpg" data-gid="gid://syiq/Photo/268668">

Edmiston partners with Gulfstream 

Edmiston has been appointed International sales representative for UK and Channel Islands. 

Edmiston appointed Gulfstream representative for UK and Channel Islands

Italy-based yacht builder <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre. The closing of the deal in the next few days will see <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> reach a majority 66 percent stake in Duerre. <img src="https://photo-assets.superyachttimes.com/photo/254878/image/large-31d4e0b1eeac8a65117ce017dbca9e93.jpg" data-gid="gid://syiq/Photo/254878">The acquisition of Duerre’s majority represents a strategic opportunity for <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> within its path towards vertical integration in key supply chains. Sanlorenzo’s previous acquisition of a 33 percent stake closed on 29 April 2022.The law firm Musumeci, Altara, Desana and Associates assisted <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the negotiation of contractual aspects, with a team composed by name partner professor Toti S. Musumeci, together with the senior associate Leonardo Musumeci.Duerre has a strong heritage since the 1940s in the production of artisanal high-end furniture, mainly for superyachts, but also for residential real estate, offices, hospitality, and commercial buildings.&nbsp;

Sanlorenzo to acquire another 33% stake in Duerre

Sanlorenzo has signed an offer to acquire another 33 percent stake in artisanal furniture company Duerre.

Sanlorenzo signs offer to acquire a further 33% stake in Duerre

The<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">&nbsp;Italian Sea Group (TISG)</a> has announced that they have finalised the acquisition of the fine furniture company <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi S.r.l</a>. The global luxury operator, <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>, now owns 100 percent of the shares of Celi.<img src="https://photo-assets.superyachttimes.com/photo/190633/image/large-7468869e75590740becc83b9377c52b9.jpg" data-gid="gid://syiq/Photo/190633">The integration of <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a> into <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>’s portfolio is consistent with the Company’s strategy plan and will help to internalise the activities of the production chain. <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a>’s valuable carpentry experience and production capacity will also allow <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to provide further growth opportunities for both companies.<img src="https://photo-assets.superyachttimes.com/photo/265932/image/large-01b08e3d1324671c97486224c5953a4d.jpg" data-gid="gid://syiq/Photo/265932">“<a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a> is undeniably one of the most important companies for custom furniture in Italy and around the world, and its transversal competencies are a great strategic opportunity for <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a>,” explained Giovanni Costantino, Founder and CEO of <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a>.Read:&nbsp;<a data-gid="gid://syiq/Article/56369" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group reports revenues up 65% and a backlog nearing €1B (2022-11-11 16:00:00 +0100)">The Italian Sea Group reports revenues up 65% and a backlog nearing €1B<img src="https://photo-assets.superyachttimes.com/photo/112639/image/large-71dd2b977d22350f5c9d5439c079055c.jpg" data-gid="gid://syiq/Photo/112639"></a>The strategy enables <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> to increase its control over the timing and quality of production, as well as over the management of costs and budgets, in support of the Group's profitability. The acquisition represents the first step of the new “<a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> NEW ERA” expansion project, which also includes a further expansion of the offices in the Marina di Carrara Headquarters.This expansion will include an expansion of about 2,000 square-metres, with the ultimate goal of creating a cohesive <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> experience for shipowners. <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">TISG</a> plans to make investments aimed at doubling <a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a>’s production capacity as early as 2024 in anticipation of significant business growth opportunities.<img src="https://photo-assets.superyachttimes.com/photo/214664/image/large-c368ca34691a26e708bc548b7a2b2e2e.jpg" data-gid="gid://syiq/Photo/214664">“<a data-gid="gid://syiq/Company/7113" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Celi S.r.l (Company)">Celi</a>’s production organisation, combined with our international commercial skills and knowledge, will offer new opportunities for solid and secure growth for the Group, also in the field of high-end real-estate and luxury hôtellerie worldwide, from Miami to Dubai,” concluded Giovanni Costantino.

TISG acquires furniture company Celi

The Italian Sea Group (TISG) has announced that they have finalised the acquisition of the fine furniture company Celi S.r.l.

Frédéric Dormeuil has an eclectic career history that includes the likes of JCB, his own family business, Dunhill and Aston Martin. He stormed into the yachting sector in 2018, partnering up with Patrick Coote, now Managing Director of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop and Johnson (Company)">Northrop &amp; Johnson</a> Europe to establish The Superyacht Show – and his reception couldn’t have been warmer.&nbsp;Dormeuil has since partnered with <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and Superyacht TV and was just appointed CEO of <a data-gid="gid://syiq/Article/56854" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting acquires SOS Yachting and appoints Frédéric Dormeuil as CEO (2023-01-31 12:30:00 +0100)">SOS Yachting, following the acquisition by BWA Yachting</a>. SuperYacht Times sat down with Dormeuil to hear all about it. <img src="https://photo-assets.superyachttimes.com/photo/264724/image/large-283f2e091e77716886d75a1e927daaf0.jpg" data-gid="gid://syiq/Photo/264724">What do you bring to&nbsp;<a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>?I’m used to working without the safety cushion that major corporate structures offer, which has challenged me to think differently and hone my entrepreneurial spirit. My experience with JCB all the way through to running my own business has given me an entrepreneurial mindset, but also a grittiness. As a fresh set of eyes to the industry, I think I bring something a little bit new and a little bit different.<img src="https://photo-assets.superyachttimes.com/photo/194393/image/large-3ac3130eb206a2a785c73815d4269e28.jpg" data-gid="gid://syiq/Photo/194393">What’s your vision for&nbsp;<a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>?&nbsp;My role isn’t to disrupt but to investigate the modus operandi and tighten any weak spots – almost like a consultancy project. <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a> has done a fantastic job these past 10 years, positioning itself as the market leaders in our field. My job is to maintain and strengthen this position.This year will be calm. The team has already had two major changes in short succession: a buyout, swiftly followed by a management change. Quite a lot to absorb for anyone’s system!&nbsp;How will&nbsp;<a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>&nbsp;operate under the&nbsp;<a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>&nbsp;umbrella?&nbsp;We’re striving for structural independence with family cooperation. The Board has given me the power and autonomy to go and do what’s best for <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>, and an independent CEO ensures minimal crossovers between the two brands. Despite being very different to <a data-gid="gid://syiq/Company/1850" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="BWA Yachting (Company)">BWA Yachting</a>, there are a great deal of synergies between us – and both sides will learn a lot from each other. <img src="https://photo-assets.superyachttimes.com/photo/256092/image/large-d998faebe0e92b5fefc05be5ee09ca5c.jpg" data-gid="gid://syiq/Photo/256092">You’ve recently decided to expand to Monaco. Why?Monaco makes enormous sense; it’s the capital of yachting. Our French office isn’t far by any means, but Monaco is unique – there are so many of us in this small neck of the woods, and us planning to open here has been received positively from the industry.Any closing words about how the economical climate may impact the future?&nbsp;Mindsets have changed post-pandemic and from a macro-economic perspective it’s certainly positive for our strange little world. A lot of capital is being invested in yachting, following the stark reminder of just how fragile life is, and we’re seeing this capital trickle through supply chains and into local economies through both salaries and tourism, which is great!&nbsp;But, of course, an invigorated economy hasn’t simplified the legalities surrounding yachting – and I’m grateful to be part of <a data-gid="gid://syiq/Company/4921" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SOS Yachting (Company)">SOS Yachting</a>’s drive to help make life easier for our clients.This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" target="_blank">Issue 44 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Interview with Frédéric Dormeuil, CEO of SOS Yachting

SYT joins the new CEO of SOS Yachting to hear his vision and goals for the brand, as well as its repositioning underneath the BWA Yachting umbrella. 

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Five questions with SOS Yachting's new CEO Frédéric Dormeuil

Integra Investments has acquired <a data-gid="gid://syiq/Company/7099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perry Hotel & Marina (Company)">Perry Marina</a> and it's the fifth – and largest – marina in its portfolio. It occupies 35 acres, has a total of 288 wet slips and offers berths for superyachts up to 106-metres in length. Located at 7005 Shrimp Road, <a data-gid="gid://syiq/Company/7099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perry Hotel & Marina (Company)">Perry Marina</a> is minutes from Key West’s Old Town – the country's most southern point. <img src="https://photo-assets.superyachttimes.com/photo/264712/image/large-af7e7653805116e70919f2ab7a0aed48.png" data-gid="gid://syiq/Photo/264712">“<a data-gid="gid://syiq/Company/7099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perry Hotel & Marina (Company)">The Perry Marina</a>’s location within a world-class destination for domestic and international boaters allows for some of the top fishing and nautical experiences of any coastal location, making this an anchor asset for our growing portfolio,” Victor Ballestas, a Principal of Integra Investments, commented. “Our strategic deployment of capital to The <a data-gid="gid://syiq/Company/7099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perry Hotel & Marina (Company)">Perry Marina</a> and Integra’s newest development, Wrecker’s Cay, Key West’s largest workforce housing project in over 50 years, are a testament to our commitment to the local community.”<img src="https://photo-assets.superyachttimes.com/photo/264713/image/large-78b57ee60bd6cf158f117f98497c9c64.png" data-gid="gid://syiq/Photo/264713"><a data-gid="gid://syiq/Company/7099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Perry Hotel & Marina (Company)">Perry Marina</a> has an expansive portfolio of facilities, including gas and diesel bunkering, a captain’s lounge and a swimming pool. The adjacent Perry Hotel was simultaneously acquired by Key International and will be operated independently.<a data-gid="gid://syiq/Company/7100" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oasis Marinas (Company)">Oasis Marinas</a> will manage the marina property.

 Integra Investments buys Perry Marina in Key West 

Integra Investments has acquired the 288 berth Perry Marina in Key West, Florida. 

Integra Investments buys Perry Marina in Florida 

The 24.78-metre <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat</a> motor yacht <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> sold in a deal with Bill Powers of <a data-gid="gid://syiq/Company/2578" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="26 North Yachts (Company)">26 North Yachts</a> introducing the buyer and Pam Barlow of <a data-gid="gid://syiq/Company/10" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luke Brown Yachts (Company)">Luke Brown Yachts</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/233587/image/large-019d4589b7bf473c618927c9d490772b.jpeg" data-gid="gid://syiq/Photo/233587">Delivered in 1989 from the United States, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> is part of the 80’ Burger series. She was designed in full by her builder <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat Company</a> which were responsible for her interior and exterior design, as well as her naval architecture.<img src="https://photo-assets.superyachttimes.com/photo/233594/image/large-f7ac9ec5f6e942e4bf106a232a9ef7eb.jpeg" data-gid="gid://syiq/Photo/233594"><img src="https://photo-assets.superyachttimes.com/photo/233593/image/large-4a66247e9f3e93eda81d06c996a94bd9.jpeg" data-gid="gid://syiq/Photo/233593"><img src="https://photo-assets.superyachttimes.com/photo/233589/image/large-f1773b2a07be5eff6a33b9f8fd99af88.jpeg" data-gid="gid://syiq/Photo/233589"><a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> features a three stateroom configuration, with accommodation for up to six guests. She boasts a classic interior design with a high use of woods to accompany her contemporary main saloon. <img src="https://photo-assets.superyachttimes.com/photo/233592/image/large-f8516c68df1ab3dced8f707f3959420f.jpeg" data-gid="gid://syiq/Photo/233592"><img src="https://photo-assets.superyachttimes.com/photo/233596/image/large-dfc47880c70d767b13eff8d94866a6ff.jpeg" data-gid="gid://syiq/Photo/233596">In terms of propulsion, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines which propel her to a top speed of 21 knots and a comfortable cruising speed of 17 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/6904" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laid Back 24.78m (81'4&quot;)Burger Boat Company1989">Laid Back</a> had a last known asking price of $1,195,500. <img src="https://photo-assets.superyachttimes.com/photo/233591/image/large-dee8a0f556781988c2fd5e8a0365b626.jpeg" data-gid="gid://syiq/Photo/233591">

25m Burger Boat yacht Laid Back sold

The 25m Burger Boat motor yacht Laid Back sold with a last known asking price of $1,195,500.

25m Burger Boat motor yacht Laid Back sold

The <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> has announced a new reinvestment fund for the superyacht industry, aimed at ocean conservation. The Ocean Assist Fund plans to promote a new path into nurturing both ocean and human vitality.<img src="https://photo-assets.superyachttimes.com/photo/273322/image/large-81c76517a9d6ab0a6ba06abc70e22e99.jpg" data-gid="gid://syiq/Photo/273322">The Ocean Assist Fund will be used to select marine conservation and restoration projects to allocate funds granted by the yachting community. The <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> will use appropriate criteria to determine which projects are selected and will ensure that support goes to the most urgent needs.“By prioritising projects and adopting scientific tools that are urgently needed to protect the oceans, the superyacht community can maximise financial and non-financial resources to support nature-based solutions and aid the global effort to mitigate ecological impacts,” said <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.<img src="https://photo-assets.superyachttimes.com/photo/237001/image/large-34661eb661037cedcc9fa816ea2839c9.jpg" data-gid="gid://syiq/Photo/237001">Read: <a data-gid="gid://syiq/Article/56401" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation unveils YETI 1.0 to evaluate environmental impact in yachting (2022-11-17 16:45:00 +0100)">Water Revolution Foundation unveils YETI 1.0 to evaluate environmental impact in yachting</a>The <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a> will work with an independent scientific advisory board composed of renowned ocean scientists to identify the projects that will have the greatest impact in preserving the ocean and will feed back their findings to the yachting community.“By investing in ocean conservation through this programme, the superyacht community can act as a significant force to solve ocean problems and make a positive collective impact, not only for themselves but for the planet as a whole,” commented the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>. <img src="https://photo-assets.superyachttimes.com/photo/210814/image/large-2f97f065978c36e73e041f8b3df36273.jpg" data-gid="gid://syiq/Photo/210814">Read: <a data-gid="gid://syiq/Article/56155" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sustainable mooring: How to preserve the world’s largest lung? (2022-10-13 14:30:00 +0200)">Sustainable mooring: How to preserve the world’s largest lung?</a>The project aims to raise awareness and commitment within the yachting community, and will transform financial support for ocean conservation into a business proposition. The project will create a new age of regenerative development in the yachting sector, to help revive our invaluable marine ecosystems.&nbsp;“The Ocean Assist programme will enable yachting to contribute to the achievement of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals – which seek to protect planet’s and human health, conserve biodiversity, combat climate change and improve livelihoods for everyone, everywhere,” concluded the <a data-gid="gid://syiq/Company/5877" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Water Revolution Foundation (Company)">Water Revolution Foundation</a>.<img src="https://photo-assets.superyachttimes.com/photo/240105/image/large-08aa65fd6517d3cb3aafc9d8202ab996.jpeg" data-gid="gid://syiq/Photo/240105">

Water Revolution Foundation announces Ocean Assist Fund

The Water Revolution Foundation has announced the Ocean Assist Fund for the superyacht industry, aimed at ocean conservation.

Water Revolution Foundation announces Ocean Assist Fund for ocean conservation

Turkey-based yacht builder <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> has unveiled a new 52-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 superyacht model, with two hulls already in-build. The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 motor yacht uses innovative design elements with outstanding craftsmanship and builds upon the already successful <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 model.<img src="https://photo-assets.superyachttimes.com/photo/272706/image/large-0c86f28182ca880acdb5367f9982e42e.jpg" data-gid="gid://syiq/Photo/272706">The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 yacht showcases a collaboration between renowned exterior designer Emrecan Özgün of <a data-gid="gid://syiq/Company/4305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unique Yacht Design (Company)">Unique Yacht Design</a> and esteemed interior design house <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>. The Bilgin 170 differs from her sistership the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 164, with a larger and more traditional bow shape, to create an overall sleeker appearance.“The layout of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170-I remains identical to its sibling models, ensuring familiarity and ease of use for customers,” explained Emrecan Özgün. “The primary goal during the design process was to optimise the 50-metre models, achieving a more sporty and masculine look, while blending the design seamlessly to offer customers the ability to utilise both open and enclosed spaces under 500 GT.”The interior of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 has been skillfully designed by <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a> to complement her striking exterior. She focuses on luxury, comfort, and elegance, while combining the interior functionality with refined aesthetics.<img src="https://photo-assets.superyachttimes.com/photo/272707/image/large-39a30d39b7a0df128f0dcd7bc793e298.jpg" data-gid="gid://syiq/Photo/272707">“The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 draws on the experience gained from the successful 47 and 50-metre projects and combines elegance with timeless lines. The 499 GT yacht is able to accommodate up to 12 guests and a crew of nine. She has an elegant exterior and interior as well as a unique beach club and outdoor spaces,” explained Berkay Yılmaz, Commercial Director of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>.The <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 features an elongated bridge deck aft, extending by 1.5-metres to amplify her living space and offer a spacious and shaded area for guests to unwind. Her beach club on the lower deck ensures plenty of natural light with expansive windows when all three doors are closed.&nbsp;“We are thrilled to unveil the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170, a stunning yacht that represents the pinnacle of design and craftsmanship,” said İsmail Şengün, the CEO at <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>. “Emrecan Özgün's innovative approach and <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>'s impeccable interior design have resulted in a vessel that exudes sportiness and elegance, elevating the yacht experience to new heights.”<img src="https://photo-assets.superyachttimes.com/photo/272704/image/large-18023ad16112c054f42e20bf68c83c55.jpg" data-gid="gid://syiq/Photo/272704">Key features onboard the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 include her classic bow shape which provides additional private seating and sunbathing areas once her rescue boat for the tender is deployed. Her swim platform also provides direct contact with the sea, as well as sun loungers for guests to relax.The first unit of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 170 series is scheduled for delivery by the end of 2024, followed closely by the second unit, which is slated to be available in time for 2025.

New 52m Bilgin 170 superyacht model in-build

Bilgin Yachts has unveiled a new 52m Bilgin 170 superyacht model, with two hulls already in-build.

Bilgin Yachts unveils 52m in-build Bilgin 170 superyacht

The demand for very large sailing yachts is nothing like that for large motor yachts, but over the last few years there has been increased interest in very large sailing yachts. Some projects have been delivered, some are under construction and others are on the drawing board. <img src="https://photo-assets.superyachttimes.com/photo/271922/image/large-b991006523bd905dbed9b749b4cd42e1.jpg" data-gid="gid://syiq/Photo/271922">We ask a panel of experts – Bart van der Meer (engineering sailing systems at <a data-gid="gid://syiq/Company/458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rondal B.V. (Company)">Rondal</a>), Rudy Jurg (sales manager at <a data-gid="gid://syiq/Company/458" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rondal B.V. (Company)">Rondal</a>), Rob Doyle (<a data-gid="gid://syiq/Company/3009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rob Doyle Design (Company)">Rob Doyle Design</a>), Thys Nikkels (<a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>) and Bill Tripp (<a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Tripp Design</a>) – about the challenges of designing, building and operating a 100-metre sloop.<img src="https://photo-assets.superyachttimes.com/photo/271904/image/large-0e8d661bb3efb5b36591b231f65ec1e7.jpg" data-gid="gid://syiq/Photo/271904">Is it possible to create the mast and rigging for a 100-metre sloop that is both safe and Class approved?&nbsp;Bart van der Meer: Yes, it is certainly possible to create a complete rig and sailing system for a yacht of this size. It does, of course, present some interesting challenges, but Rondal has built its reputation on resolving challenges.&nbsp;Rob Doyle: For a 100-metre sloop in terms of length overall, no, it is not possible. For a 100-metre spar height, yes, that is possible. If someone says ’yes’ to a 100-metre LOA yacht they are out of their depth and have not fully researched all the options involved. At RDD we have done a huge amount of research on this question and we are one of the few naval architects and design studios that have an understanding of the complexibility of such a big rig. Class approval would be difficult, but they will lean hard on the naval architect’s calculations, research and experience.&nbsp;Thys Nikkels: When we are pushing boundaries with any aspect of a design the answer is always ‘Do your homework!’ If you do not have experience with a certain size or configuration you have to do the necessary research and development to prove the design is feasible. Feasible in concept, safe in construction and safe in operation, only then can you tell a client that it is possible, and to do that you have to work with a team of researchers, material specialists, builders to find the required solutions for the challenges.<img src="https://photo-assets.superyachttimes.com/photo/108433/image/large-6f7ee4bb350c7e7604865e0774d55463.jpg" data-gid="gid://syiq/Photo/108433">Are there any suppliers who would take the risk of building such a yacht?Bart van der Meer: We have already built three impressive 70-metre-plus &nbsp;rigs and are currently planning a large rig for an 85-metre sloop, which will become one of the world’s largest.Rob Doyle: There are two really only two manufacturers that can build big rigs. Rigging would be another significant difficulty, along with winches, systems, furling, hull structures, regulations and more.<img src="https://photo-assets.superyachttimes.com/photo/271932/image/large-fe57b0ec686c9fcbbe3f0f91922d0a1d.jpg" data-gid="gid://syiq/Photo/271932">Even if you could build it, would it be safe to operate for the crew?Bart van der Meer: Given the exceptional loads, risk factors for the crew are already an important factor in planning sailing systems for today’s largest sailing yachts, especially when racing. These loads and the sheer length and weight of running rigging do increase exponentially when looking at a rig for a 100-metre sloop. But we should keep in mind that, at this end of the superyacht fleet, only the most highly qualified and experienced crew would manage and trim the sail plan. They would do so with access to very sophisticated load sensors and safety triggers to ensure loads and risks remain within the design boundaries. There is also the possibility that these big rigs could be operated fully automatically. Especially as the cost related to fully automating a sailing system becomes smaller in comparison to the overall cost. However, this route could present new challenges of its own until fully proven.Rob Doyle: We will always design rigs with safe operation in mind, the numbers involved are huge and operation of a sail plan of this size would be very difficult, if not impossible. The size of the systems to control such a rig are significant and very detailed research is required, the sparmakers can build very big rigs – the limit is the yacht not the spar tube.&nbsp;Thys Nikkels: In the end, a large sloop will only work for the client if it can be safely and relatively easily operated by the crew. Otherwise the rig will never, or only sporadically, be used.<img src="https://photo-assets.superyachttimes.com/photo/236181/image/large-38e23873797382eff5e629953f24cb77.jpeg" data-gid="gid://syiq/Photo/236181">Have you had any requests for such a large project and do you expect that one day a client will decide to build one?Rudy Jurg: We have already been introduced to enquiries and concepts of this size that for one reason or another have yet to progress. I have little doubt that 100-metre-plus rigs will be built in the future. The first one will be commissioned by a very ambitious and visionary individual with deep pockets. Once this client’s project is afloat, others are more likely to follow.&nbsp;Rob Doyle: Yes, we have had requests for such yachts a number of times. What we explain first is that the jump from 78-metre M5 to a sloop with a spar length of 100 metres is enormous. If you have not designed and built big rigs before, then a client is very exposed. At RDD we have designed more big rigs, both sloop and ketches, than many other naval architects, but the numbers are staggering when you present the research and the real build numbers. <img src="https://photo-assets.superyachttimes.com/photo/272049/image/large-6060ad9c10f61da7535208d03e662ce4.jpg" data-gid="gid://syiq/Photo/272049">What are the cost implications of building a 100-metre sloop compared with a schooner of similar size?&nbsp;Bart van der Meer: One of the biggest cost implications is that most of the hardware needs to be designed from scratch for the sloop. Nothing on this scale is readily available on the market: no furlers, no toggles, no winches. And it needs to be designed not just bigger, but exponentially bigger. Take a runner winch, for example. From a 30-metre sloop to a 60-metre sloop, the retrieving length will double and the pull force goes from roughly 10 to 30 tonnes. If you want to be able to retrieve the runners at the same time, you’ll need four times more winch power to double the speed and more than double the force.&nbsp;When you recall it was considered doubtful if you could fly a spinnaker from the mast of a 100-foot sloop 30 years ago, we can see that the evolution of marine design technology has always innovated to address such issues. The expertise is there to make the rig of a 100-metre sloop happen, &nbsp;as long as it is accepted that substantial system development costs as well as the hardware manufacturing costs will bear heavily on the first project. For these reasons, it will certainly cost more than the rig of a 100-metre schooner or ketch.Rob Doyle: Hard questions because if you want to be the tip of the sword, a visionary owner that wants to reach for the stars and build the biggest sloop. But you may need to ask yourself: is the ketch a better option at the 100-metre LOA size?<img src="https://photo-assets.superyachttimes.com/photo/236173/image/large-d089b6d8c8cd89662da7e3fc43a4f62c.jpeg" data-gid="gid://syiq/Photo/236173">Given all the factors above and from your own experience, what is the ideal size for a super-sloop?Rudy Jurg: It is difficult to say there is an ideal size, though we do know that the ‘ideal’ size keeps on growing as larger yachts prove their reliability and their capacity to deliver exceptional lifestyle experiences and amenities to owners and their guests. Ultimately the ‘ideal’ will always be related to owners’ plans, their financial resources, their vision and ambition.Rob Doyle: I believe an 85-metre LOA sloop would be the limit, but there are different factors at play that have to be understood and it's more about the length/beam ratio than LOA, which would be a more suitable metric to start with. On the limit of tube lengths, you need to ask the spar maker for that number, but we are comfortable with the tube lengths we have spoken to clients and sparmakers about.This article was originally published in September 2022 of Issue 1 of the How to Build It magazine. <a href="https://superyachttimes.com/api/download/how-to-build-it-issue-1" target="_blank">You can download the entire magazine for free here</a>.

Ask the Expert: Is a 100-metre sloop feasible or even desirable?

SYT asked a panel of experts about the challenges of designing, building and operating a 100-metre sloop.


The 23.98-metre eponymous <a data-gid="gid://syiq/Company/5312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless Yachts (Company)">Timeless</a> yacht <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> sold at auction with broker Arjen Hoeksma of <a data-gid="gid://syiq/Company/9" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Valk Yacht Brokers (Company)">De Valk Yacht Brokers</a> and auction organiser Wim Schimmel of <a data-gid="gid://syiq/Company/6345" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="YachtBid.com (Company)">YachtBid</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/273147/image/large-9cdf3e8827b28f7ea267985a8939a44e.jpg" data-gid="gid://syiq/Photo/273147">The custom-built explorer yacht <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> was built and launched in 2018 by <a data-gid="gid://syiq/Company/5312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless Yachts (Company)">Timeless Yachts</a> in Poland. The aluminium motor yacht is equipped with two decks of luxury and features naval architecture by <a data-gid="gid://syiq/Company/1993" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Studio Strawinski (Company)">Yacht Studio Strawinski</a>.<img src="https://photo-assets.superyachttimes.com/photo/259773/image/large-b5267efe59a0c30aa7a699a187b7d97e.png" data-gid="gid://syiq/Photo/259773"><img src="https://photo-assets.superyachttimes.com/photo/259774/image/large-ab9b68e33c321344cb59fb6a8743d69d.png" data-gid="gid://syiq/Photo/259774"><a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018"><img src="https://photo-assets.superyachttimes.com/photo/259762/image/large-57d8a09a47d3724e8c7a7fce6d39f2cd.png" data-gid="gid://syiq/Photo/259762">Timeless</a> can comfortably sleep up to eight guests across a four stateroom layout and offers a timeless interior design with a neutral colour palette. <img src="https://photo-assets.superyachttimes.com/photo/273148/image/large-3609236d22317356cee5295f47d2664f.jpg" data-gid="gid://syiq/Photo/273148"><img src="https://photo-assets.superyachttimes.com/photo/259759/image/large-aa11e0dc64737a8b5f7dce57ed28dd8b.png" data-gid="gid://syiq/Photo/259759">In terms of performance, <a data-gid="gid://syiq/Yacht/8491" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Timeless23.98m (78'8&quot;)Timeless Yachts2018">Timeless</a> is equipped with twin <a data-gid="gid://syiq/Company/1483" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cummins Inc. (Company)">Cummins</a> engines, giving her a top speed of 12 knots. At the time of her sale, Timeless had a starting price at auction of €1,000,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/259755/image/large-02ecfdb667ba2ce773a4ca8f5b226f4d.png" data-gid="gid://syiq/Photo/259755">

Explorer yacht Timeless sold at auction

The 24m Timeless yacht Timeless sold at auction with a last known starting price of €1,000,000. 

24m explorer yacht Timeless sold at auction

The 29-metre <a data-gid="gid://syiq/Company/886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine Savannah (Company)">Intermarine</a> motor yacht <a data-gid="gid://syiq/Yacht/5543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lukousaurus29.0m (95'2&quot;)Intermarine Savannah2001">Lukousaurus</a>&nbsp;previously named Krishelle, has been sold with Matthew Martin of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> representing the buyer and Peter Jeisey of <a data-gid="gid://syiq/Company/6998" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grand Isle Marina (Company)">Grand Isle Marina</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/273152/image/large-8bdac6b289c8e1c258b395ba718419e0.jpg" data-gid="gid://syiq/Photo/273152">The flybridge yacht was delivered in 2001 and is the ninth-largest yacht built by <a data-gid="gid://syiq/Company/886" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Intermarine Savannah (Company)">Intermarine</a>. She features interior design by the <a data-gid="gid://syiq/Company/150" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pavlik Design Team (Company)">Pavlik Design Team</a>. Up to six guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/5543" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lukousaurus29.0m (95'2&quot;)Intermarine Savannah2001">Lukousaurus</a>, and she also has accommodation for three crew members including the captain. <img src="https://photo-assets.superyachttimes.com/photo/273153/image/large-e19fce349a3584a61a2c665c9a9f1831.jpg" data-gid="gid://syiq/Photo/273153"><img src="https://photo-assets.superyachttimes.com/photo/273154/image/large-242b61559360d3226ed6fe6523d3c6fa.jpg" data-gid="gid://syiq/Photo/273154">The flybridge yacht is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a top speed of 22 knots. The yacht carries 15,991 litres of fuel onboard.Her last known asking price was $1,595,000.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/190630/image/large-ff93ff09df2c68c6b6c73caaba78150a.jpeg" data-gid="gid://syiq/Photo/190630">

29m Intermarine flybridge yacht Lukousaurus sold

The 29-metre Intermarine flybridge yacht Lukousaurus has sold with Fraser representing the buyer and Grand Isle Marina representing the seller

29m Intermarine motor yacht Lukousaurus sold

The 24.73-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010">Alin</a> has been sold in an in-house deal with Marco Fiorani of <a data-gid="gid://syiq/Company/4585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Idea Yachting (Company)">Idea Yachting</a> representing both the buyer and the seller. <img src="https://photo-assets.superyachttimes.com/photo/218596/image/large-864486f9b85dfc9372a38a171aada1a7.jpeg" data-gid="gid://syiq/Photo/218596"><img src="https://photo-assets.superyachttimes.com/photo/218588/image/large-4f519970c2f52d94910802cae0667114.jpeg" data-gid="gid://syiq/Photo/218588"><img src="https://photo-assets.superyachttimes.com/photo/218589/image/large-bcdefded288920af83581702979a0482.jpeg" data-gid="gid://syiq/Photo/218589">The motor yacht was delivered in 2010 and features exterior design by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, while her interior was also penned by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with naval architecture by <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>. Up to eight guests are accommodated onboard the superyacht <a data-gid="gid://syiq/Yacht/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010">Alin</a>, and she also has accommodation for four crew members, including the captain. <a data-gid="gid://syiq/Yacht/11965" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alin24.73m (81'2&quot;)Ferretti Yachts2010"><img src="https://photo-assets.superyachttimes.com/photo/218586/image/large-4449acff63ccec040b780eff05b8cac6.jpeg" data-gid="gid://syiq/Photo/218586"><img src="https://photo-assets.superyachttimes.com/photo/218600/image/large-45c738fb1fdab4085b2281a5faca0250.jpeg" data-gid="gid://syiq/Photo/218600">Alin </a>has a grp hull and grp superstructure. She is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, which give her a cruising speed of 27 knots and a top speed of 30 knots. The yacht carries 6,750 litres of fuel onboard, and 1,320 litres of water.<img src="https://photo-assets.superyachttimes.com/photo/218603/image/large-4fd75083ae73aa12dd93762a1fd8522c.jpeg" data-gid="gid://syiq/Photo/218603">Her last known asking price was €2,200,000.

25m Ferretti motor yacht Alin sold

24.73-metre Ferretti motor yacht Alin has sold with Marco Fiorani of Idea Yachting, representing both the buyer and the seller.

The <a data-gid="gid://syiq/Event/176" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Giorgio Armani Superyacht Regatta - 2023">Giorgio Armani Superyacht Regatta</a> got off to a perfect start yesterday. A north-easterly breeze of about 7 knots intensified, as expected, to around 12 knots and rotated towards the southeast over the course of the day. At 1 p.m. the Race Committee sounded the start for the 45-metre <a data-gid="gid://syiq/Company/476" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fitzroy Yachts (Company)">Fitzroy Yachts</a> <a data-gid="gid://syiq/Yacht/1684" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gitana45.0m (147'8&quot;)Fitzroy Yachts2009">Gitana</a> was the first superyacht off the line in the staggered starting sequence. <img src="https://photo-assets.superyachttimes.com/photo/273210/image/large-1ca68fcebecb25729ddbe561c9b9ef4c.jpg" data-gid="gid://syiq/Photo/273210">The <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> division started their races at 1:30 p.m and the SW105 <a data-gid="gid://syiq/Yacht/10474" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SØRVIND34.59m (113'6&quot;)Southern Wind2022">Sørvind</a> quickly flew ahead of the fleet. Both divisions started in Porto Cervo before rounding the island of Monaci. After leaving the Monaci lighthouse to port, the superyacht division sailed up the coast of the island of Caprera and entered the Saline gulf, where they left a mark to port before returning to Porto Cervo via the Bisce Pass, for a total of approximately 20 miles.<img src="https://photo-assets.superyachttimes.com/photo/273214/image/large-9e5198223ed71b0cf766b8e8ad9b612a.jpeg" data-gid="gid://syiq/Photo/273214">Until the first mark, the Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a> remained at the back of the fleet, but took a close line around the Monaci island, jibbing ahead of the fleet and taking a steady lead on the race to the island of Caprera. The superyacht's lead steadily grew throughout the afternoon, with the rest of the fleet behind her. <img src="https://photo-assets.superyachttimes.com/photo/273213/image/large-9cad2daf9a17b1b42df2cf63f9c4f266.jpeg" data-gid="gid://syiq/Photo/273213">The first day saw the 33-metre <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic</a> 108 <a data-gid="gid://syiq/Yacht/4749" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="WinWin33.04m (108'5&quot;)Baltic Yachts2014">WinWin</a> take victory in the Superyacht Cruising Class division, followed by another 108-footer in the form of Inoui, with owner-helmsman and regular participant in the Giorgio Armani Superyacht Regatta, Marco Vogele, on board. The <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> <a data-gid="gid://syiq/Yacht/4020" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inoui33.4m (109'7&quot;)Vitters Shipyard2013">Inoui</a> fought for most of the course with <a data-gid="gid://syiq/Yacht/5680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pattoo33.0m (108'3&quot;)Vitters Shipyard2016">Pattoo</a>, another 33-metre <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters</a> yacht which already has a win in Porto Cervo under her belt, when she was known as Missy. The Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>, meanwhile, claimed the top spot in the Combined Performance and Cruising Class, finishing the race by a 2 minute corrected lead, having started last in the staggered starting sequence.<img src="https://photo-assets.superyachttimes.com/photo/273215/image/large-d39a3ba7e0942006f83c4c4454284d09.jpeg" data-gid="gid://syiq/Photo/273215">Ken Read, multi-award winning sailor and tactician on the Wallycento <a data-gid="gid://syiq/Yacht/6547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="V30.48m (100'0&quot;)Wally2017">V</a>, declared: "We couldn't have asked for a better day here in Porto Cervo. Sunshine, flat seas and a gentle breeze of 12 knots, a perfect situation for these boats. The beauty of this place always amazes me and sailing here with these boats is a unique experience, they let me have a few moments in which to look around and smile, because honestly there is nothing more beautiful than all this."<img src="https://photo-assets.superyachttimes.com/photo/273216/image/large-8fefcfc59674712fada243c28e3a3226.jpeg" data-gid="gid://syiq/Photo/273216">Results aren't drawn up for the boats taking part in the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous, reflecting the particularly convivial atmosphere that reigns at this gathering, now in its 17th edition. The fleet sailed in a compact group and the owners were able to enjoy the same course as the Superyacht division. <img src="https://photo-assets.superyachttimes.com/photo/273212/image/large-5876fe1fa0da0cc510c8beaa12159f3c.jpg" data-gid="gid://syiq/Photo/273212">Racing continues today, 8th June, with a breeze similar to today's forecast. The start for the <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> Rendezvous division is scheduled for 11:30 a.m, followed by the Superyacht division at around midday. Organised by the <a data-gid="gid://syiq/Company/2826" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Club Costa Smeralda (Company)">Yacht Club Costa Smeralda</a> with the support of title sponsor Giorgio Armani, the event is is now in its 16th edition.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/273211/image/large-293abf27b8bbaa226731cc42ce1438a7.jpg" data-gid="gid://syiq/Photo/273211">

Giorgio Armani Superyacht Regatta 2023 day 1

The Giorgio Armani Superyacht Regatta began yesterday with wallycento V taking the day.

Wallycento V takes the first day at the Giorgio Armani Superyacht Regatta

<img src="https://photo-assets.superyachttimes.com/photo/273033/image/large-666e4cc9afe6511029b40f19c9037df1.jpeg" data-gid="gid://syiq/Photo/273033">Spotted last week anchored in Antibes is the 91.5-metre Ice-Classed superyacht <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tranquility91.5m (300'2&quot;)Oceanco2014">Tranquility</a>. Previously known as Equanimity, the true world exploration vessel was delivered in 2014 as one of the largest vessels in the <a data-gid="gid://syiq/Company/64" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Oceanco (Company)">Oceanco</a> fleet. She features naval architecture by <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, elegant exterior lines by her builder and an oriental-inspired interior penned by <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>. Onboard, the 2,998 GT superyacht can accommodate up to 18 guests and comes complete with a helicopter landing pad, a large swimming pool as well as a gym and wellness centre. <a data-gid="gid://syiq/Yacht/4018" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tranquility91.5m (300'2&quot;)Oceanco2014">Tranquility</a> is currently listed for sale with an asking price of €149,900,000. She's also available for charter with <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>. Take a closer look <a data-gid="gid://syiq/Article/53489" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Five coolest things to do on board Tranquility (2021-08-09 12:00:00 +0200)">onboard here</a>.

92m superyacht Tranquility in Antibes

The 92m superyacht Tranquility, built by Oceanco, is seen here anchored in Antibes.

The 60.96-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> superyacht <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> has entered the market. The <a href="https://www.superyachttimes.com/yachts/samadhi/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Samadhi, for sale</a>, was commissioned by experienced owners and has been maintained to the highest standards, leaving her in turnkey condition for her new owner.<img src="https://photo-assets.superyachttimes.com/photo/273156/image/large-2c77f3d6b7f8fdd330e353849437c5d4.png" data-gid="gid://syiq/Photo/273156"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> features exterior design and naval architecture by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt</a> and has recently completed an extensive refit in May 2023. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> also boasts a contemporary interior design by the highly sought after French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>.<img src="https://photo-assets.superyachttimes.com/photo/273158/image/large-daf86144ea0b19cb956ee874b7754b56.png" data-gid="gid://syiq/Photo/273158"><img src="https://photo-assets.superyachttimes.com/photo/273159/image/large-adec3172a22e865e28c8d3070c512713.png" data-gid="gid://syiq/Photo/273159"><img src="https://photo-assets.superyachttimes.com/photo/273157/image/large-1e3332a9b18c44c3df3d068ddc655e8b.png" data-gid="gid://syiq/Photo/273157"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> offers guests 1,036 GT of interior space, and her large main saloon is bathed in plenty of natural light, thanks to picture windows that line her port and starboard lengths. Forward of this area is her dining area with seating for up to 10 guests around her circular table.<img src="https://photo-assets.superyachttimes.com/photo/273162/image/large-2d911aa5f2a0856d787122b4cb1aa167.png" data-gid="gid://syiq/Photo/273162"><img src="https://photo-assets.superyachttimes.com/photo/273177/image/large-264c62eef56c98f56303d6288e1989a8.png" data-gid="gid://syiq/Photo/273177">The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> can comfortably accommodate up to 12 guests across a six stateroom configuration, with her owner's suite located on the main deck. The master suite includes an office, handcrafted wardrobes and a luxurious marble ensuite bathroom with sauna, tub and shower.<img src="https://photo-assets.superyachttimes.com/photo/273171/image/large-c621da269dc4ea50fb1c4dced4019861.png" data-gid="gid://syiq/Photo/273171"><img src="https://photo-assets.superyachttimes.com/photo/273174/image/large-84aec8bfe616f2046337931e5012c871.png" data-gid="gid://syiq/Photo/273174"><img src="https://photo-assets.superyachttimes.com/photo/273176/image/large-b596e1f6e6e7754e15b7c2280ec1019b.png" data-gid="gid://syiq/Photo/273176">The remaining guest staterooms are situated on the lower deck and consist of two double staterooms and two convertible twins, all with ensuite bathrooms. There is also an additional stateroom which is suited for children, or staff such as a nanny.<img src="https://photo-assets.superyachttimes.com/photo/273160/image/large-e2c84bd8b93d3fe3b758bd7269e3ec1f.png" data-gid="gid://syiq/Photo/273160"><img src="https://photo-assets.superyachttimes.com/photo/273163/image/large-612f41f03323e071ae2748d6a455233d.png" data-gid="gid://syiq/Photo/273163"><a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> features plenty of exterior spaces, perfect for entertaining or socialising. Her skylounge includes a cinema room, which connects to the upper deck alfresco dining area. Other key amenities onboard include a fully equipped gym and a packed toy box with <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, Jet Skis, a waterslide, trampoline and an assortment of diving and snorkelling gear.<img src="https://photo-assets.superyachttimes.com/photo/273190/image/large-851a140faf30ccfb125082e9b96c2749.png" data-gid="gid://syiq/Photo/273190">=<img src="https://photo-assets.superyachttimes.com/photo/273185/image/large-9531e439140a8edab685ed3224e3da9d.png" data-gid="gid://syiq/Photo/273185">The <a href="https://www.superyachttimes.com/yachts/feadship/for-sale" rel="noopener noreferrer" target="_blank" title="">Feadship yacht for sale</a> comes equipped with a fleet of three tenders, including a 2022 VQ45 Vanquish Chase Tender, for making the most of shore excursions. Her large swim platform can be accessed via an elegant staircase from her main deck aft, providing direct access to the ocean.<img src="https://photo-assets.superyachttimes.com/photo/273183/image/large-74464d8cd571349b577653afd6581fdb.png" data-gid="gid://syiq/Photo/273183"><img src="https://photo-assets.superyachttimes.com/photo/273180/image/large-41386f76e1b27af67eff31db061e2466.png" data-gid="gid://syiq/Photo/273180"><img src="https://photo-assets.superyachttimes.com/photo/273186/image/large-24c36e7130e14a893e34b288b6cf4503.png" data-gid="gid://syiq/Photo/273186">The upper deck of <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> allows guests to relax with panoramic views, as well as shade from her hard top. Guests can also make use of her sun deck to top up their tans, or lounge in her raised Jacuzzi.<img src="https://photo-assets.superyachttimes.com/photo/273193/image/large-8269ab0b4f2d5f0ec316199d0e6b7060.png" data-gid="gid://syiq/Photo/273193"><img src="https://photo-assets.superyachttimes.com/photo/273192/image/large-fd51a7a58b480155bd334683868986f3.png" data-gid="gid://syiq/Photo/273192">In terms of performance, <a data-gid="gid://syiq/Yacht/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Samadhi60.96m (200'0&quot;)Feadship2006">Samadhi</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines allowing her to reach a top speed of 16 knots and cruise at 13 knots with an ocean-crossing range of 5,000 nautical miles.<img src="https://photo-assets.superyachttimes.com/photo/273196/image/large-20f17d6a3243cb9faa310ba269b1a045.png" data-gid="gid://syiq/Photo/273196">

61m Feadship superyacht Samadhi for sale

The 61m Feadship superyacht Samadhi has entered the market in turnkey condition. 

Mergers & Acquisitions

Quick Group acquires Sanguineti