Fairline’s new flagship Squadron 68, set to launch at Cannes Yachting Festival.
FAIRLINE YACHTS RECENTLY SECURED a £15 million cash facility in partnership with RiverRock European Opportunities Fund. In conjunction with the current owners, the capital investment will be used to accelerate Fairline’s exciting product-development agenda.
The partnership with RiverRock will help Fairline build on the successful expansion of the business during 2019, which is forecast to deliver more than 80 yachts and a turnover of circa £50 million.
Fairline CEO, David Tydeman, says, “The funds will help add pace to our innovative product-development programme, which is critical for the sustained growth of the business and to meet our discerning buyers’ requirements. Customer belief in our brand is strong and with this additional investment we are in a robust position to continue delivering on our ambitious growth plans.”
Jason Carley, Portfolio Manager of the European Opportunities Fund at RiverRock, added, “Fairline has a tremendous tradition of great British design and engineering. With the exciting new product range and focus on delivering an exceptional customer experience, we are confident this investment ensures Fairline’s continued growth trajectory.”