New investors for Oyster...

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New investors for Oyster...

Yard Updates

Balmoral Capital sells the UK group to Holland-based HTP Investments.

FEBRUARY 2012

The UK’s Oyster Marine Group has been acquired by the Dutch investment company HTP Investments for an undisclosed sum. The acquisition, which was funded by HTP partners Wim de Pundert and Klaas Meertens without recourse to bank support, includes Oyster Marine, Oyster Brokerage and Southampton Yacht Services.
Built by a combination of in-house resources and contract partners, the current Oyster range spans 46-125ft – in all 12 sailing cruisers, the majority of which are Rob Humphreys designs, save for the Oyster 100 and 125 that are from Ed Dubois’s studio.
Oyster had a very strong start to 2012 with around £10m of contracts signed during January, according David Tydeman, who will continue to drive the business forward as CEO.
Oyster's directors were advised on the transaction by Stephen Craik and Khush Purewal of KPMG Corporate Finance.

For more, www.oystermarine.com

© Phil Draper