Gibelstad, October 1 2019, Bavaria Yachts has been bought by a private equity fund advised by the German investment company CMP Capital Management-Partners.
The private equity fund will also acquire all shares in the French subsidiary Bavaria Catamarans SAS.
With the investment in a company, CMP employees assume operative management responsibilities on site. Dr. Ralph Kudla, a restructuring expert, and partner at CMP will join the executive board. Commenting, the managing director of CMP Capital Management-Partners, Kai Brandes, said: ‘We are convinced of Bavaria’s global market potential and will sustainably develop the company. The restructuring measures will focus on regaining market share and improving production costs.’
About CMP Capital Managers CMP Capital Management-Partners is the largest German-based investment company that specialized in the restructuring of large manufacturing facilities in Germany, Austria, and Switzerland. More info here
About Performance Yacht Sales
Performance Yacht Sales is the US importer of Bavaria Yachts with headquarters located in Coconut Grove, FL. and branches in San Diego, Annapolis, and Newport.