princess yachts net worth

Plymouth's Princess Yachts set for growth after being taken over by US private equity giant

KPS Capital Partners takes controlling stake in Stonehouse-headquartered boat-maker and promises investment

• 10:00, 14 FEB 2023

Get the stories that matter to our community straight to your inbox with our Daily Newsletter

We have more newsletters

Princess Yachts has been taken over by a major American private equity firm in a deal which will take the Plymouth company “to the next level”. New York-headquartered KPS Capital Partners has entered into an agreement to acquire a controlling interest in Princess Yachts (Holdings) Ltd, and said the investment will accelerate the company’s growth and innovation.

Existing shareholders will retain ownership in the company under the deal. Completion of the transaction is expected by the end of March.

KPS runs a family of investment funds with more than US$14.4bn of assets under management. For more than 30 years it has been acquiring manufacturing businesses and its current portfolio includes component maker Autokiniton, light vehicle manufacturer AM General, Briggs and Stratton engines, battery maker C&D Technologies, and plant-based foods business Primient.

Antony Sheriff, chief executive of Princess Yachts, said the deal will enable the Plymouth firm, the UK’s largest manufacturer of luxury yachts, to grow and bring out new models. He said: “We are thrilled to partner with KPS for this exciting new chapter for Princess Yachts. KPS and the Princess Yachts team are deeply committed to investing in the company’s future while continuing to further strengthen our portfolio of best-in-class motor yachts.

“With a current order book nearing a record US$1bn and many model lines sold into 2025, we have never been in a stronger commercial position. Together with KPS’ tremendous track record of manufacturing excellence and investing in leading brands, we are now positioned to take Princess Yachts to the next level of industry leadership in quality and innovation. Under KPS’ ownership, we will accelerate a range of growth and operational initiatives to build upon our long and successful history.”

KPS’ portfolio of companies already generates total annual revenues of about US$22bn, operates 232 manufacturing facilities in 27 countries and combined has about 53,000 employees. KPS said it creates value “almost exclusively through operational and performance improvement”.

Ryan Harrison, a partner of KPS Mid-Cap Investments, said: “We are excited to make this significant investment in Princess Yachts, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range, and world-wide reputation for quality and innovation. KPS’ investment will accelerate Princess’ growth trajectory and fund numerous investments for its future. We look forward to working with Princess’ existing stockholders, chief executive Antony Sheriff, the senior leadership team, and the talented employee base at Princess Yachts.”

Princess Yachts was acquired by L Capital 2 FCPR, an investment group co-sponsored by LVMH (Moët Hennessy Louis Vuitton) and Groupe Arnault in 2008. In January 2016, L Capital merged with Catterton to become L Catterton, now recognised as the largest global consumer-focused investment firm.

Last year L Catterton hired bankers at Macquarie to find a buyer for Princess Yachts . At the time, Princess Yachts told PlymouthLive it was looking to start discussions with potential investors to provide financial support needed to build a huge new factory at its Devonport operation.

In late 2021, PlymouthLive revealed Princess Yachts wants to build another factory in Plymouth’s freeport area in the South Yard so it can produce more vessels, employ more people and fulfil a US$1bn order book. The company was also undergoing a sales boost, now selling more than 300 boats annually.

Want more of the news you love? Sign up to our bespoke newsletters here .

Plush flats snapped up at Plymouth's Harbour Arch Quay before it's even finished

The Range boss Chris Dawson to build 'mega shed' so big it can be seen from space

Plymouth online retailer CMO makes redundancies

• Princess Yachts
• Most Recent

By SuperyachtNews 31 May 2019

A record year for Princess Yachts

The british superyacht-manufacturing stalwart has announced record breaking financial results, a strong order book and a thriving apprenticeship scheme….

Princess Yachts has today announced record financial results, plus new records for yacht sales and employment at its Plymouth headquarters. The 2018 results signal the British manufacturer’s most successful year in its illustrious 54-year history. Financial results for the year ending 31 December 2018 show turnover of £340.3m (up £65m/24 per cent on 2017) and record opening project before exceptionals of £29.8m (up £10.9/173 per cent). EBITDA for 2018 was £32.8m up from £14.9m in 2017.

“I am really proud of what the Princess team has achieved in 2018. Their focus and dedication enabled Princess to build on the previous two years of solid financial figures and beat 2017’s record results,” comments Antony Sheriff, executive chairman of Princess Yachts. “The team launched six stunning new luxury yachts while growing revenues to over one third of a billion pounds.”

In 2018 Princess hit a record high for employment of 3,200. Recruitment has taken place across the business from engineering to exterior design, manufacturing to management, making Princess one of the UK’s largest specialist manufacturers. Princess also increased investment in is successful apprenticeship programme with 40 new apprentices brought into the business; apprentices now make up four per cent of the workforce with a 100 per cent retention rate following qualification.

Traditionally, the superyacht industry has been poor at educating governments and investors at quite how effective it can be as an employer and economic contributor. The success of Princess business model and its flourishing apprenticeship scheme is a testament to how the superyacht community can contribute to the wider community.

“These strong financial figures will enable us to build upon our unique, highly integrated infrastructure in Plymouth and invest even more in advanced technologies, new yachts and quality levels across design and production,” continues Sheriff. “We continue to forge ahead in our vision to be not just the highest quality, most innovative and successful luxury yacht manufacturer in the world, but also a great British employer.”

“It’s fantastic to see these latest figures from Princess Yachts," comments Lesley Robinson, CEO of British Marine. "The sector has recently celebrated its sixth consecutive year of growth, so it’s safe to say demand for UK manufactured luxury yachts is at an all-time high. We are proud that the UK remains an international hub for expertise and craftsmanship, particularly during uncertain economic times.”

According to The Superyacht Agency, Princess Yachts has delivered an average of 3.1 vessels per year since 2011. Since 2015, however, the British superyacht-manufacturing stalwart has delivered an average of four vessels per year and, if Princess’ order book proves to be accurate, the yard will have its most prolific year to date in 2019 with eight vessels scheduled for delivery.

Profile links

Princess Yachts

Join the discussion

To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here .

Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

Sign up to the SuperyachtNews Bulletin

The superyachtnews app.

Follow us on

Media Pack Request

Please select exactly what you would like to receive from us by ticking the boxes below:

SuperyachtNews.com

Register to comment

Plymouth's Princess Yachts reveals record billion dollar order book

UK's largest luxury boat builder says it is selling yachts faster than it can make them as it recovers strongly from Covid hit 2020

• 11:21, 1 OCT 2021

We have more newsletters

The UK’s largest luxury boat builder Princess Yachts has revealed a US$1bn order book and said production is struggling to keep up with demand.

The Plymouth manufacturer’s financial update has revealed a “record-setting commercial performance” with sales rate surpassing production rate, driving record low distributor stock levels.

It said almost all production through to the end of 2022 and more than 60% of 2023 production is already covered by orders. This year it has already sold 20 of its flagship Superfly X95 and has 57 orders for the new Y72 model which launched this summer.

More about Princess Yachts

The company is now poised for further growth with the new Y95, X80,and V50 already in production, as well as five further new model launches by the end of 2022.

And, despite being in a Covid-19 recovery phase, intensive recruitment continues with increased investment in skills training and award-winning apprenticeship programmes.

The firm, which employs about 3,200 people in Plymouth, said it has faced challenges from the Covid-19 pandemic and the ongoing supply chain issues affecting the UK. Turnover and profits dipped in 2020 as the company was affected by a temporary Covid-related closure.

But it has bounced back strongly and despite ongoing challenges retail sales have grown to the highest levels in the history of the company, with an order book exceeding US$bn.

With record low distributor stock levels globally - equivalent to one to two weeks of stock - and production almost completely covered by orders into the second half of 2023, the company said it is in a unique commercial position.

Antony Sheriff, Princess Yachts executive chairman and chief executive, said: “As expected, in a Covid-19 year when we stood down our 3,200 strong team for Q2 2020, turnover reduced to £244m from 2019’s full year turnover of £314m.

“The combination of our unique vertically integrated manufacturing process, the investment required to make it Covid-19 compliant and our decision to not cut new product development or make staff redundant resulted in an understandable drop in profits during 2020.

“However, these decisions have put us in an excellent position during 2021 and onwards. Although Covid-19 continues to bring interruptions in the supply chain and government mandated self-isolation of staff, we significantly improved financial performance in 2021 compared to 2019 and 2020 and we expect even stronger results in 2022 .”

How to contact William Telford and Business Live

Business Live's South West Business Reporter is William Telford. William has more than a decade's experience reporting on the business scene in Plymouth and the South West. He is based in Plymouth but covers the entire region.

To contact William: Email: [email protected] - Phone: 01752 293116 - Mob: 07584 594052 - Twitter: @WTelfordHerald - LinkedIn: www.linkedin.com - Facebook: www.facebook.com/william.telford.5473

Stay in touch: BusinessLive newsletters have been re-designed to make them even better. We send morning bulletins straight to your inbox on the latest news, views and opinion in the South West. Get our breaking news alerts and weekly sector reviews too. Sign up now - it's free and it only takes a minute. To sign up for Business Live's daily newsletters click here .

And visit the Business Live South West LinkedIn page here

He added: “We continue to move forwards with an ambitious new product launch plan and innovative new ways to engage with our customers . The company now has a retail order book worth over US$1bn with the sales success of new models such as the X95, X80 and Y72 exceeding expectations. We have had over 20 orders for the X95, and 57 orders for the new Y72 model, the majority of these orders received off plan. All production slots are now filled for 2021, over 95% of 2022 production and over 60% of 2023 production is covered by orders.”

A return to many of the global boat shows this calendar year saw Princess Yachts attend Palm Beach International Yacht Show in March 2021; Cannes Yachting Festival 2021; Southampton International Boat Show 2021; with plans being finalised for the Fort Lauderdale Boat Show in October 2021 and the much-anticipated return to Boot Düsseldorf in January 2022.

• Engineering
• Company Results
• Manufacturing
• Most Recent

• Subscribe Now
• Digital Editions

Princess delivers record financial results

Princess experiences the highest sales in its 53-year history and announces new models for 2019

Princess Yachts delivered record-breaking results in 2017 and has advance orders totalling more than $1 billion (approx. £750 million).

Financial results for the 12 months to 31 December 2017 show record turnover of £274.4 million which is over 25% up on the previous year. Operating profit is up to £7.9m, a turnaround of £15 million on its 2016 results.

Princess’s executive chairman Anthony Sheriff, who was previously at McLaren, also took the opportunity to announce some key new models for 2019 including the 85 Motor Yacht, which will be launched at the Düsseldorf Boat Show in January, and an all-new 45ft flybridge that will hit the water at the end of this year.

Sheriff also promised that the technology developed in conjunction with Ben Ainslie Racing Technology would not be restricted to the new R35 sportsboat due to launch at the end of this year.

“The R35 is a landmark boat for Princess but it is not a one off,” he says, “you will see the technology used on this boat expanding to other new models under development.”

Recommended videos for you

Video footage released of the Princess R Class superboat on sea trial

MBY can reveal exclusive video footage of the new Princess R Class superboat undergoing testing

Commenting on the Plymouth yard’s financial performance Sheriff says: “This has been a landmark year in the history of Princess. We have a clear vision to be the highest quality, most innovative and best luxury yacht producer in the world and it is gratifying to our highly skilled and dedicated 2,700-strong team that the market has responded in tune with our efforts.

“With our exciting launch plan this year of unique and exceptional yachts, coupled with our unprecedented $1 billion order book which stretches well into 2019, 2018 is set to be another record year in sales and profits for Princess Yachts.”

In 2016 the executive board, with approval from shareholders, committed to £100 million of investment across product, facilities and staff over five years.

The company has intentionally kept the supply of boats below demand in order to build the order book, with production slots for 2018 98% sold and 68% filled in 2019.

Ferretti Group has also announced strong financial results for the same period with double-digit growth and a new investment plan.

The yard’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) of €59 million is up 11% compared to 2016 and net profit in 2017 reached €24 million, up 71% on the previous year.

New Boats at Cannes Boat Show 2024: Princess S65

Lifejacket may have saved boater after fall from motor boat, new boats at cannes boat show 2024: solaris power 60 open, latest videos, watch: parker sorrento sea trial: 50-knot cruiser with a killer aft cabin, watch: virtue v10 sea trial: €272k weekender, how to mark your anchor chain: 6 top tips from our expert, watch: galeon 560 fly sea trial – the best galeon flybridge you can buy.

Active Investments

Princess Yachts

Princess Yachts is a leading builder of luxury motor yachts and is recognized for its timeless design, hand-crafted quality, and exceptional seakeeping.  Headquartered in Plymouth, England, the Company’s unparalleled level of vertical integration – including on-site design, engineering, and manufacturing – has helped position Princess Yachts as one of Britain’s most iconic luxury brands.  Princess Yachts serves a global customer base through its best-in-class international dealer network.  The Company has approximately 3,200 employees and operates five manufacturing facilities in Plymouth, England.   www.princessyachts.com

News Articles

Mar 15, 2023 KPS Capital Partners Completes Acquisition of the Controlling Ownership of Princess Yachts

Feb 13, 2023 KPS Capital Partners to Acquire Controlling Ownership of Princess Yachts

One Vanderbilt Avenue, 52nd Floor New York, NY 10017 T: 212.338.5100 | F: 646.307.7100

• Investments
• Investor Login

The Richest Yacht Companies, Ranked By Valuation

Your changes have been saved

Email is sent

Email has already been sent

Please verify your email address.

You’ve reached your account maximum for followed topics.

Biggest Box Office Bombs Of All Time

Fast x cast, ranked by net worth, jennifer lopez and ben affleck's surprising divorce filing reveals no prenup, quick links, princess yachts - $384.6 million, heesen yachts - $450 million, feadship - $488.8 million, sunseeker international - $543.1 million, sanlorenzo - $650 million, ferretti group - $1.2 billion, azimut-benetti group - $1.3 billion, lürssen -$2 billion.

The yachting industry has experienced significant growth over the past few years, with an increasing number of individuals seeking the luxury and freedom of owning a yacht . As a result, yacht companies have been striving to meet the demand by producing innovative and luxurious vessels that cater to the needs of their premium and exclusive clientele. These companies have managed to create a strong brand presence in the market and demonstrated their commitment to excellence in design, craftsmanship, and customer service.

Most of the biggest yacht companies in the world are based in and around Europe, including giants like Ferretti Group, Lürssen, and Feadship.

Princess Yachts is a luxury yacht manufacturer based in Plymouth, England. The company was founded in 1965 and has since become one of the leading yacht builders in the world. Princess Yachts offers a range of products, including flybridge yachts, V-class sports yachts, and M-class superyachts. In 2021, Princess Yachts reported an annual turnover of $384.6 Million, as per Global Database . With a strong reputation for excellence and a commitment to innovation, Princess Yachts continues to be a top choice for discerning yacht buyers around the globe.

Heesen Yachts is a Dutch yacht manufacturer founded in 1978, known for its innovative designs, advanced technology, and exceptional craftsmanship. With a valuation of $450 million, Heesen Yachts ranks sixth among the most successful yacht companies globally. The company's dedication to quality, innovation, and attention to detail has made it a favorite among yacht enthusiasts.

RELATED:  Defines Elegance On High Seas: Inside Giorgio Armani's $65 Million Yacht 'Main'

Feadship is a Dutch yacht manufacturer known for its custom-built superyachts that combine innovative design, advanced technology, and exceptional craftsmanship. Established in 1949, Feadship has an impressive $488.8 Million annual revenue. Feadship offers a range of products, including custom-built superyachts tailored to each client's specific needs and preferences. The company's commitment to quality and innovation has earned it a loyal clientele and a strong reputation in the industry.

Sunseeker International is a British yacht manufacturer founded in 1969, known for its luxurious and high-performance motor yachts. With annual revenue of $543.1 Million, as per Zoom Info , Sunseeker International is among the most successful yacht companies in the world. Sunseeker offers a range of products, including flybridge yachts, sports yachts, and superyachts. The company's yachts are known for their sleek design, exceptional performance, and luxurious amenities.

Established in 1958, Sanlorenzo is an Italian yacht manufacturer known for its bespoke, tailor-made yachts catering to its client's needs and preferences. The company is also known for its innovative design, attention to detail, and commitment to sustainability. With a valuation of $650 million as per Superyacht Investor , Sanlorenzo ranks fourth in this list of the most successful yacht companies in the world.

Another Italian powerhouse in the yachting industry, the Ferretti Group, was founded in 1968 and has since become a global leader in the design, construction, and sale of luxury yachts. The Ferretti Group launched an IPO in Hong Kong valued at almost $1.2 Billion, as per Global Times . The group's portfolio includes several prestigious brands, such as Ferretti Yachts, Pershing, Riva, and Custom Line, each offering a unique blend of style, performance, and innovation.

The Azimut-Benetti Group has been an Italian conglomerate at the forefront of the yachting industry for over 50 years. Founded in 1969, the group is known for its innovative designs, cutting-edge technology, and exceptional craftsmanship . With a valuation of $1.3 billion, the Azimut-Benetti Group is one of the world's largest and most successful yacht companies. The group's portfolio includes the renowned brands Azimut Yachts, Benetti Yachts, and Atlantis Yachts, each catering to different market segments.

Founded in 1875, Lürssen is a German yacht manufacturer with a rich history and a reputation for building some of the world's most luxurious and technologically advanced superyachts. Lürssen Yachts has an astounding annual revenue of over $2 Billion, making it one of the most successful Yacht Companies in the world. Apart from being successful, Lürssen Yachts is one of the oldest yacht companies in the world, with a legacy spanning almost 150 Years.

The yachting industry is a competitive and dynamic market, with numerous companies vying for the attention of discerning clients. All the above yacht companies are valued at millions of dollars and continue to rake in massive revenues with their impeccable yacht-making expertise. These companies continue to push the boundaries of innovation and luxury, ensuring that the yachting world remains an exciting and ever-evolving landscape for enthusiasts and industry professionals alike.

READ NEXT:  Meet Raphael Sauleau: The CEO Of Fraser Yachts

Sources - Global Times , Superyacht Investor , Zoom Info , Global Database

• Luxury Lifestyle
• The Rich & Powerful

The global authority in superyachting

• NEWSLETTERS
• Yachts Home
• The Superyacht Directory
• Yacht Reports
• Brokerage News
• The largest yachts in the world
• The Register
• Yacht Advice
• Yacht Design
• 12m to 24m yachts
• Monaco Yacht Show
• Builder Directory
• Designer Directory
• Interior Design Directory
• Naval Architect Directory
• Yachts for sale home
• Motor yachts
• Sailing yachts
• Explorer yachts
• Classic yachts
• Sale Broker Directory
• Charter Home
• Yachts for Charter
• Charter Destinations
• Charter Broker Directory
• Destinations Home
• Mediterranean
• South Pacific
• Rest of the World
• Boat Life Home
• Owners' Experiences
• Conservation and Philanthropy
• Interiors Suppliers
• Owners' Club
• Captains' Club
• BOAT Showcase
• Boat Presents
• Events Home
• World Superyacht Awards
• Superyacht Design Festival
• Design and Innovation Awards
• Young Designer of the Year Award
• Artistry and Craft Awards
• Explorer Yachts Summit
• Ocean Talks
• The Ocean Awards
• BOAT Connect
• Between the bays
• Golf Invitational
• BOATPro Home
• Superyacht Insight
• Global Order Book
• Premium Content
• Product Features
• Testimonials
• Pricing Plan
• Tenders & Equipment

Princess Yachts For Sale

British luxury yacht manufacture Princess broke into the superyacht market with the launch of the Princess 25 Metre motor yacht in early-2000. Since then, Princess has enriched its British maritime heritage with new innovations and lines that have helped to establish the brand's lifestyle statement. With many Princess yachts for sale now on BOAT International, there are plenty of opportunities to enjoy the Princess yacht owner lifestyle.

Yacht Features

Propulsion System

• Select Language

New Luxury Yachts for Sale

View our selection of new princess luxury yachts for sale.

The Princess name has become synonymous with all the finest in luxury yachts design, high quality yacht manufacture and the very best in luxury yachting, including aftersales service and support for all Princess luxury yacht owners. Regardless of size, every craft will exceed your expectations for a yacht in her class. Tailored to meet your specific requirements and fitted with only the very best components and recommended accessories, the Princess range of yachts set the very highest standards in motor yacht luxury and performance.

On the water, the Princess range of luxury yachts is instantly recognisable for their graceful lines, beautiful silhouettes and timeless, classic elegance that will never date. Clean uncluttered lines and a muscular deep-V hull give Princess yachts an undeniable presence which is instantly recognisable in yacht marinas around the world. Not only that, but when underway, a Princess yacht takes the ocean waves in her stride with excellent sea-keeping, high-powered engines, and in some models a long-range distance allowance. On board our sporty models, you can except to reach speeds of up to 38 knots, whilst the long-range cruising X Class superyacht range maintains a steady 25-knot speed – however you travel, you can ensure a comfortable ride in sheer luxury.

When buying a yacht you can have confidence in the brand and the team who will ensure that your needs and desires are not only met but exceeded. The Princess name and reputation means that you will not be disappointed.

Discover our new luxury yacht classes and models below, including the F Class of flybridge yachts, Y Class , X Class superyachts , S Class , V Class and R Class . Each Princess class range represents a different style of yacht unique to Princess, from the long-range cruisers of the X Class to the revolutionary sports yacht Princess R35 of the R Class, and the popular mid-range luxury yachts in between.

There is sure to be something for everyone within the range – visit the online catalogue below or contact our sales team, who are on hand to answer any questions you may have and offer expert advice on your new yacht purchase:

Call +44 (0)1489 557755 or email [email protected]

Explore Craft by Range

• Available Now
• X Class Superyachts

Princess Y80

Princess s80, princess f58, princess x95 vista, princess x80, princess s62, princess f65, princess y95, princess y85, princess y72, princess f55, princess f50, princess f45, princess s72, princess s65, princess v65, princess v60, princess v55, princess v50, princess v40, buying a luxury yacht.

We are experts when it comes to luxury yachts, luxury yachting and yachts for sale. We offer the ultimate in incredibly beautiful luxury yachts for sale, superyachts and megayachts. With such a wide variety of luxury yachts for sale, at Princess Motor Yacht Sales we fully appreciate that while a yacht purchase is a thrill, it’s also a big decision – something you want to get right first time. Here’s our common sense guide.

Discover large yachts and superyachts

You’re not alone – We help you buy a yacht with confidence

We know the luxury yachting world inside out, of course. It’s what we do. But at the same time we’re aware that our clients need all that necessary technical knowledge at their fingertips to make an expensive, important decision that’s also properly informed.

There’s a bewildering choice when considering new luxury yachts for sale , which is why we provide support throughout the decision making process. We’ll be with you all the way, from start to finish. We’ll give you the information you need to make a wise decision. We’ll explain the tech in language you’ll understand and because our enthusiasm for these remarkable luxury yachts shines through, you’ll find the process a real pleasure.

Click here for our guide on owning your first yacht.

It’s good to know we never use hard sell tactics. In our experience there’s really no need – we treat you with the respect and consideration you deserve, giving you plenty of time and space to consider every new yacht buying option carefully, in exactly the right amount of depth and detail.

Our yacht buying clients benefit from speaking to the knowledgeable professionals on our team, experts who are delighted to spend as much time as you like answering questions, providing support and guidance and ensuring the luxury motor yacht model you choose is exactly what you want and need: the optimum size, speed, layout, interior, engine, you name it. The idea is to tick all your boxes so you’re perfectly, completely happy.

Ask Us for Yacht Details

If you’d like to find out the details about new boats for sale, please contact us . We’ll be pleased to discuss your dreams and provide the information you need. Our sales teams are on hand to answer all of your questions so don’t hesitate to give us a call, drop us an email or fill in one of our online enquiry forms for a fast, friendly response.

What’s more, our Princess sales team boast a wealth of experience and knowledge within the luxury yachting market, as well as with current and past Princess models, so can offer you the best advice when it comes to choosing the right yacht for you and your family.

Luxury Yachts Finance

We can provide top class specialist yacht finance for private individuals and professionals, a choice of advantageous fixed and floating rate marine mortgages plus flexible loans available on new boats. If you’d like to explore the potential, we’ll be more than happy to discuss your specific financing requirements so please contact us.

We are proud to now offer an in-house finance and insurance service, for more details please contact our in-house Finance & Insurance Manager, Bruce Hastie on +44 (0)1489 557755 or email  [email protected]

Sign up to our newsletter

Sign up now to be the first to hear about our news and updates.

Our Sister Brands

The Story Behind 79m Princess Mariana Superyacht – Yacht Informer in Acapulco

Yacht Informer are currently in Acapulco at the Real Diamante resort and complex that was developed by Carlos Peralta Quintero , who was the owner of the Superyacht Princess Mariana, which was the 64th largest superyacht in the world.

The Peralta family have their own apartment on the development with x5 dedicated parking spaces. Carlos Peralta Quintero is the Chairman and CEO of Grupo IUSA, was listed by CNNExpansión among Mexico’s 100 top businessmen in 2013. In 2012, Peralta sold Princess Mariana, a 250 foot yacht built by Fraser Yachts. The asking price was $180 million. Peralta currently owns Moon Goddess, a $7 million 115 foot chase boat.

The Princess Mariana is now renamed Pegasus V and it has a length of 78.60 m (257.9 ft), beam of 14.40 m (47.2 ft) and draft of 4.50 m (14.8 ft). The yacht is driven by two main engines Deutz V12M SB 628 MWMs, which are giving enough power for the yacht to reach maximum speed of 17 knots (31 km/h; 20 mph.)

Pegasus V (formerly The Princess Mariana) mega yacht is fitted out with every luxury possible!  There is a 13 seat cinema, a helipad, and a golf driving range.  One of the most impressive features is definitely the  Beach Club.  This is a dry dock which is where the tender lives – when the tender is outside, the dock can be filled with water to create a 12m swimming pool with underwater lighting! The starboard hull also lowers to form a spacious sun bathing area with steps into the water, sun beds and deckchairs and tables! Another fantastic feature of this yacht is its “party deck”. This deck consists of two bars, a raised dance floor, three cinema screens, a Grand Piano, a spa pool, casual seating areas and sun beds. With features such as these, no wonder it is considered one of the biggest and best charter yachts. There are six luxurious staterooms on board including a luxury owner’s stateroom, and five other guest rooms. All are appointed superbly and offer complete comfort and luxury to the guests.

The Princess Mariana Superyacht was built in Denmark by Royal Denship in 2003,  Princess Mariana  was designed by Espen Oeino and features a beautiful interior by Francois Zuretti.

In 2008 The Princess Mariana was listed for sale for €125,000,000. That amount was reduced to €98,000,000 in 2009. May 2011 saw the sale of  Princess Mariana  at an asking price of $98,000,000. Following the transaction, she was renamed  Pegasus V  and made available for charter. Ron Tutor threw a party listing Pegasus V for sale for $95 million in 2012. The selling price was reduced by $6 million to $88 million in 2013.

Unveiling the Stars: Exciting Yacht Debuts at the 2024 Cannes Yachting Festival

The Monaco Yacht Show 2024

MYBA Charter Show, Barcelona April 2023

Riva 180 Years – Celebrating in Milan this Weekend!

Ferretti Yachts 860:The Latest Creation From an Historic Shipyard

Next Generation Yacht Design: Meet 80m Superyacht Symbiosis

Mega Yachts and a Peek at Three of the Most Extravagant

© 2022 my media group ltd   |   privacy policy.

Who is Mike Lynch? A look at the British tech tycoon missing from a sunken yacht in Sicily

He's been called the british version of microsoft co-founder bill gates or apple co-founder steve jobs, by michael liedtke | the associated press • published august 20, 2024 • updated on august 20, 2024 at 2:08 pm.

Tech tycoon Mike Lynch, one of six people missing from a sunken yacht off Sicily , had been trying to move past a Silicon Valley debacle that had tarnished his legacy as an icon of British ingenuity.

Lynch, 59, struck gold when he sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011. But the deal quickly turned into an albatross for him after he was accused of cooking the books to make the sale and fired by HP’s then-CEO Meg Whitman.

He was cleared of criminal charges in the U.S. in June, but still faced a potentially huge bill stemming from a civil case in London.

24/7 New York news stream: Watch NBC 4 free wherever you are

A decade-long legal battle had resulted in his extradition from the U.K. to face criminal charges of engineering a massive fraud against HP, a company that helped shape Silicon Valley's zeitgeist after starting in a Palo Alto, California, garage in 1939.

Lynch steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling — a position he maintained while testifying before a jury during a 2 1/2 month trial in San Francisco earlier this year. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The trial ended up vindicating Lynch and he pledged to return to the U.K. and explore new ways to innovate.

Get Tri-state area news delivered to your inbox. Sign up for NBC New York's News Headlines newsletter.

US & World

Missing revealed as divers search superyacht that sank in storm off Sicily

British tech magnate Mike Lynch, 2 US citizens among missing after luxury yacht sinks off Sicily

Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype

Although he avoided a possible prison sentence, Lynch still faced the civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

Before becoming entangled with HP, Lynch was widely hailed as a visionary who inspired descriptions casting him as the British version of Microsoft co-founder Bill Gates and Apple co-founder Steve Jobs.

Lynch, a Cambridge-educated mathematician, made his mark running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly. Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

In the months leading up to the deal that would go awry, HP valued Autonomy at $46 billion, according to evidence presented at Lynch's trial.

The trial also presented contrasting portraits of Lynch. Prosecutors painted him as an iron-fisted boss obsessed with hitting revenue targets, even if it meant resorting to duplicity. But his lawyers cast him as entrepreneur with integrity and a prototypical tech nerd who enjoyed eating cold pizza late at night while pondering new ways to innovate.

This article tagged under: