Bavaria Yachtbau gets new owner

Publish date:

Bavaria Yachtbau will be acquired by CMP Capital Management-Partners. Terms were not disclosed.

The company said in a statement that CMP Capital would acquire the entire business of Bavaria Yachtbau in Giebelstadt, Germany, and its subsidiary, Bavaria Catamarans, in Rochefort, France. The facility in Germany employs 550 workers, and the French catamaran builder has 250 employees.

The creditor’s committee of Bavaria Yachtbau, which took over management after the builder went into receivership earlier this year, gave its approval. The purchase will be completed following merger control clearance by the German Federal Cartel Office. That is expected in several weeks.

CMP Capital Management-Partners is a German investment company that has specialized in the acquisition of companies in distress in Germany, Austria and Switzerland since its founding in 2000. The statement noted that Ralph Kudla, restructuring expert and partner at CMP, will join Bavaria’s executive board.

"We are convinced of Bavaria's global market potential and will sustainably develop the company,” said Kai Brandes, managing director of CMP Capital Management-Partners. “The restructuring measures will focus on regaining market share and improving production costs.”

Local news reported two weeks ago that an Italian yacht conglomerate was close to purchasing Bavaria. The newspaper quoted one of the builder’s executives saying that the deal was nearly done.

The German builder was purchased from private owners in 2007 by Bain Capital for $1.4 billion. Several years later, U.S. private equity funds Anchorage and Oaktree assumed a majority stake. In 2014, Bavaria bought the French catamaran manufacturer Nautitech.

This past April, Bavaria placed itself into receivership. The company has not shut down during that time. It has built and shipped 220 boats in the last five months. 


Tommy’s Slalom Shop Adds Dealer

Boulder Boats has locations in Nevada, Arizona and California.

Trade Only Today Returns Tuesday

The daily e-newsletter will not publish Monday, Jan. 18, in observance of Martin Luther King Day.

Mercury and Crownline Make Supply Pact

Under the agreement, Mercury will be the exclusive outboard and sterndrive supplier for the boatbuilder.

Sea Tow Makes Executive Appointment

Thomas Spina, who has more than 25 years of maritime experience in a variety of roles, was named vice president of franchise operations.

Quick Hits: January 15, 2021

IBEX seeks proposals for session topics; Sensible Yacht Cordage changes hands

Godfrey Marine to Host Virtual Showcase

The event is to take place Jan. 23 and will include Godfrey pontoons and Hurricane deckboats.

Boat Shows Throttling Up

2021 is bringing a new paradigm to the winter boat show season.

Correct Craft Plans Expansions

The moves will allow additional growth for Nautique, Supreme, Ingenity and Watershed Innovation.