Opening of the capital of Perini Navi
The Fenix holding company, owned by the Tabacchi family, a major Italian fortune, has announced the conclusion of an agreement with Blue Skye Investment Group in the Perini Navi case, a Tuscan manufacturer of sailing and motor superyachts. The majority shareholder is thus starting the financial restructuring by letting the UK investment fund inject new capital into the shipyard.
Abandonment of the rapprochement with San Lorenzo yachts
The announcement ends the negotiations started with another Italian yacht builder ...the San Lorenzo Group. Following the placement of Perini Navi in the spring of 2020, the Tabacchi family had indicated that they had begun negotiations with this other player in the fast-growing Italian yachting industry. San Lorenzo, which employed 500 people in 2019, is part of a dynamic of growth and diversification, to which the addition of Perini yachts to its catalogue could have corresponded. The Tabacchi family indicates in the press that negotiations have been suspended by mutual agreement.
A delicate financial situation
The Perini shipyard is in a complex economic situation. While superyachts such as the Maltese Falcon have given it worldwide recognition, the company has also accumulated losses of 140 million euros in 9 years. The company created by Fabio Perini in 1983, currently under a safeguard regime, will now have to restructure itself in a market shaken by the economic crisis.
