Sunseeker Acquired by Faro Alternative Investments and Lionheart Capital

Sunseeker International — the British shipyard celebrated for its production of high-performance luxury motor yachts — has been officially acquired by Faro Alternative Investments and the American investment firm Lionheart Capital. This strategic acquisition marks the end of Sunseeker’s 11-year tenure under the ownership of China’s Dalian Wanda Group.

The acquisition was confirmed during a press conference at the Fort Lauderdale International Boat Show (FLIBS), where the news had been anticipated for several months. Initial reports suggested an ownership transfer from Dalian Wanda to Lionheart Capital, with discussions of an Italian investment fund’s interest in Sunseeker first emerging in April.

Sunseeker Ocean 182

Faro Alternative Investments completed the acquisition through its Real Economy sub-fund, with advisory support from Orienta Capital Partners and backing from Lionheart Capital in a collaborative deal. The move is intended to underscore the company’s commitment to creating value through a “unique network of expertise and investment opportunities”.

Based in Poole, Dorset, Sunseeker has been a prominent name in yacht manufacturing for over 50 years and is recognised globally as a pioneer in the luxury yachting industry. The company reported approximately GDP 320 million in sales in the fiscal year 2023, primarily from yachts ranging from 15 to 50 metres. Currently, Sunseeker boasts an impressive order book valued at around GDP 540 million (approximately EUR 640 million) and is set to expand its offerings by developing high-end superyachts.

Sunseeker Superhawk 55

At the helm of the newly formed board is Giancarlo Galeone, who takes on the role of chairman for both Faro and Sunseeker. Galeone is a seasoned figure in the yachting industry, having previously served as CEO and vice president of the Ferretti Group under Norberto Ferretti, and co-founding Anvera, a shipyard known for crafting luxury RIBs. His extensive experience is expected to guide Sunseeker toward ambitious growth targets while enhancing the shipyard’s British identity and craftsmanship.

“We are excited to embark on this new journey with Sunseeker,” Galeone expressed, highlighting the potential for significant investment in developing both core and niche yacht models. He emphasised the importance of maintaining the brand’s roots while driving innovation and expansion in the global market.

Ophir Sternberg — the founder and CEO of Lionheart Capital and now co-owner of Sunseeker — also voiced his enthusiasm, stating, “Welcoming Sunseeker Yachts into the Lionheart Capital family is a strategic investment in a brand with a rich history and bright future. Our understanding of the luxury yacht industry’s dynamics positions us to support Sunseeker’s growth and innovation.”

A Sunseeker Predator 108 yacht, featured in the James Bond film Casino Royale, capable of sailing at up to 50 miles per hour. (Photo courtesy of Handout & SCMP)

Under the new leadership, Sunseeker aims to uphold its legacy of crafting exceptional yachts that epitomise luxury, performance, and innovation. Andrea Frabetti, the company’s CEO, expressed confidence in the future, asserting that the new ownership structure will facilitate significant growth and allow Sunseeker to reach new heights while honouring the vision of its founders.

FARO Alternative Investments, a platform focused on alternative investments, aims to leverage its global reach and diversified strategies, primarily in private equity and venture capital. Meanwhile, Orienta Capital Partners, with its expertise in high-growth SMEs, will continue to play a crucial role in supporting the shipyard’s development.

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Sunseeker Acquired by Faro Alternative Investments and Lionheart Capital

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