Investment fund takes control of Cantiere del Pardo
The historic directors of the Italian shipyard Cantiere del Pardo, Fabio Planamente and Luigi Servidati, were became majority shareholders of the group in October 2018 The company's new acquisition of the Trevisani family and Andrea Amadori, ending rumours of disinvestment by the shareholders who have owned the company since 2014. Two years after this transaction, the two partners announced on 3 December 2020 that they had sold the majority of the capital to the Italian investment fund Wise Equity. The latter acquired 60% of the shares of the company, which owns the Grand Soleil sailing yacht and motor yacht brands Pardo Yachts and Van Dutch. The management team remains in place.
Continuing growth in all sectors of the boating industry
58 million in 2019/2020 and claims a 25% increase in its order book in 2020/2021. The arrival of the new shareholder should enable the shipyard to increase its investment capacity in both sailing and motor yachting. Cantiere del Pardo indicates that it wants to strengthen its leadership in the 30-80 foot segment, but also to evaluate opportunities for expansion in other segments of the yachting industry. After the acquisition of Van Dutch in June 2020 The Italian group will continue to explore opportunities for external growth.
"Having the resources to reduce the time needed to bring our models to market rewards the expectations of those who have believed for years in the strength of our premium brands: Grand Soleil, Pardo Yachts and recently Van Dutch" summarizes Luigi Servidati, President of Pardo Yachts.
