10 JUNE–JULY 2018 | International Boat Industry http://www.ibi-plus.com
HEADLINES International Marine News
SEvo Yachts’ new CCPositive signals from Bavaria after filing
for voluntary administration
GERMANY Just over a month
after Bavaria Yachtbau filed for
voluntary administration in a
German court, the country’s
largest serial boatyard said
production was running
smoothly at its main plant
in Giebelstadt and that boat
deliveries have resumed.
“More than 30 yachts have
left the yard in the past two
weeks and have been handed
over to customers,” said the
company back in May. “All 600
employees are on duty.”
Regarding the commonly
feared withdrawal of suppliers,
Schellenberg & Kirchberg PR
has given a ‘thumbs-up’, at least
for the three-month interim
phase. “Agreements were set
with all major suppliers on
further deliveries with short
payment terms,” says the firm.
The next step is to find a
new investor for the company,which was sold by the founders
in 2007 to a group of investors
for an estimated €1.2bn
shortly before the start of the
economic crisis. According
to press spokesman Cord
Schellenberg, Bavaria hopes topresent a new investor by July.
“We are continuing the
operations and want to enter
the coming order season with a
new investor,” explains Tobias
Brinkmann, a Hamburg-based
restructuring expert who was
appointed to the managementof Bavaria Yachtbau GmbH.
“We have already received
initial expressions of interest
and are actively addressing
potential investors.”
Consultancy firm One
Square Advisors has been
tasked with finding an
investor.
“We want to hand over to
the new investor a shipyard
that is in operation and that
also has a certain order book,”
says Brinkmann. Speaking
to Germany’s floatmagazin.
de, at the beginning of June,
he added: “We want to
allocate production slots to
these boats so that we can
schedule them for production
in the new fiscal year, which
starts at the beginning of
August. It is then of course up
to the buyer of the shipyard
to activate and accept these
orders.”NEW EVO CC
ITALY Evo Yachts enters the centre
console market with the new Evo CC.
Designed by Italian naval architect
Valerio Rivellini, the 13m vessel is
said to redefine the outboard engine
daycruiser category and completes
the yard’s range of 43t open models.
- IBI-plus.com May 24
CNM FINANCIALS
UK Camper & Nicholsons Marinas
(CNM) looks to return to profit in
2018 ater two delayed projects
impacted upon its 2017 financial
results. The group had an operating
loss of £129,823 last year compared
with a loss of £142,133 in 2016.
- IBI-plus.com May 21
MOONEN REBRANDS
NETHERLANDS Dutch superyacht
builder Moonen unveils plans to
market a handful of new yachts
from “premier designers” that it
hopes will appeal to younger, more
adventurous owners.
- IBI-plus.com June 1
LALIZAS ACQUISITION
GREECE Lalizas, the Greek
manufacturer and distributor of
marine safety equipment, buys
Alexander/Ryan Marine & Safety
(ARMS) from Drew Marine, a global
provider of technical solutions and
services to the marine industry.
- IBI-plus.com May 30
BENETTI M/Y BLAKE
ITALY Benetti launches M/Y Blake
in Viareggio, Italy, in the presence
of 300 guests. The 50m full-custom
vessel is the longest GRP hull and
aluminium superstructure yacht
ever built by the Italian yard.
- IBI-plus.com May 29
More than 30
yachts have
left the yard in the past
two weeks and have
been handed over to
customersNauticat files for bankruptcy
FINLAND Nauticat Yachts Oy,
based in Riihikoski, Finland,
has filed for bankruptcy.
Having produced high-
quality yachts for decades, the
company – originally founded
by Pentti Siltala more than 50
years ago in Turku – has now
ceased operations.
Nauticat was one of the
most well-known producers
of motorsailers in the world.
Around 1,300 units of its best-
selling model, the Nauticat
331 (formerly the Nauticat 33),
have been built since its launch
in 1968. The total number of
Nauticats delivered over the
years exceeds 3,000 yachts.
Nauticat Yachts, the name
of the company since 2005, wasfor decades known as Siltala
Yachts Oy. Kaj Gustafsson
served as managing director
since the early 90s, and was
later joined by his sons Patrik
and Martin as owners and part
of the management since the
end of the 90s.
Attorney Hannu Ylönen
from Krogerus Attorneys Ltd
was appointed as the estate
administrator of Nauticat
Yachts Oy’s bankruptcy estate.
“We have faced some hard
years and serious diiculties
in the same way that many
other sailboat producers have
experienced,” says ex-finance
director Martin Gustafsson.
“The properties, including
the factory, oice, all mouldsand the brand, are now for
sale. We have kindly been
asked to act as advisors to the
lawyers handling this matter.
The aim is to continue the
production of Nauticats – but
by whom and where, honestly
we just don’t know that yet,”
Gustafsson adds.SNauticat’s 321 Pilothouse