Fairline Yachts restarts from the RiverRock European fund. According to reports in the British press, the British shipyard has reached an important agreement involving a capital investment from the European investment fund RiverRock.
Fairline restarts from a European fund
Covid has destabilized the economy and its consequences have also affected the nautical market. Just a month ago the Fairline shipyard announced an internal downsizing plan for its structure. Now, with the agreement reached with RiverRock, the shipyard can plan for the future with greater peace of mind.
Fairline Yachts’ Chief Operating Officer, Peter McNulty, commented: “By taking a majority stake in the business, RiverRock is demonstrating its continued support and confidence in Fairline. The investment secures our financial future and gives us the opportunity to continue implementing our long-term strategic plan for the brand.
As reported by Northhamptonshire Telegraph, the investment was welcomed by Russian investors Alexander Volov and Igor Glyanenko, who bought Fairline Boats from the administration in January 2015 and renamed it Fairline Yachts.
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