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The huge appearance at boot Düsseldorf in January ("Bavaria World") and various new products were also intended to demonstrate strength to the outside world. Verlagssonderveröffentlichung The product range was supplemented by the C 45 and C 50.
Oct 22, 2018 · Oct 22, 2018. Bavaria Yachts said it wants to “regain lost trust” after emerging from bankruptcy last month. The German powerboat and sailboat builder, with production facilities in Germany and France, went into voluntary bankruptcy last April. It was purchased in mid-September by CMP Capital Management-Partners, a Berlin-based equity fund ...
Apr 21, 2018 · According to a news released by Yacht magazine of Germany, Bavaria Yachtbau has recently filed for bankruptcy, after the two majority investors Oaktree Capital Management and Anchorage Capital Partners denied additional funding to the company. Big headaches ahead for customers who recently signed purchase agreements.
Jul 15, 2009 · Last year as yacht sales fell, Bavaria Yachtbau hired a new chief executive, aiming to stabilise production at six yachts a day in its landlocked Giebelstadt factory. It made 10 yachts a day at ...
Bavaria Yachts said it wants to “regain lost trust” after emerging from bankruptcy last month. The German powerboat and sailboat builder, with production facilities in Germany and France, went into voluntary bankruptcy last April. It was purchased in mid-September by CMP Capital Management-Partners, a Berlin-based equity fund specializing in distressed companies in Germany, Austria and ...
Bavaria recently bough the catamaran builder Nautitech, based in France, but this remains an independent company and is not affected by the bankruptcy. Read the full report in Yacht magazine here. It’s in German but you can translate it with a right mouse click. Read Bavaria Yachts’ official announcement here.
Bain, which acquired Bavaria Yachtbau for €1.1bn in mid-2007, has already written off its investment, but is set to retain a small economic interest in the company. Oaktree bought 40 per cent of the company’s debt at around 35 per cent of face value from Goldman Sachs, which financed the original deal alongside Dresdner Bank.
