Sanlorenzo Looks Into Buying Majority Stake in Perini Navi

May 21, 2020

Yachting Journal

(Photo: Perini Navi)

Italian luxury boat maker Sanlorenzo said on Thursday it was considering buying a majority stake in sailing brand Perini Navi to boost its market share in the superyacht segment.

Perini Navi is owned by Fenix, the holding company of the Tabacchi family - the former top investor of spectacles maker Safilo, by Lamberto Tacoli as well as indirectly by the company's founder, Fabio Perini.

Sanlorenzo said it had entered into exclusive talks with the Tabacchi family and Tacoli to assess the deal and reach a binding agreement.

"The transaction would be in line with the Sanlorenzo business model ... and would enable Sanlorenzo to expand its business perimeter and further consolidate its presence in the superyacht sector," the company based in Ameglia, in the Liguria region, said in a statement.

(Reporting by Andrea Mandalà; editing by Elaine Hardcastle)