Yesterday, Vistra Group, one of the world’s leading corporate service providers, announced the acquisition of Malta-based yacht service company, DF Marine.
Providing professional services associated with the ownership and operation of yachts, DF Marine assists with yacht registration, sale and purchase contracts, finance, Maltese leasing structures and EU VAT advisory.
The DF Marine team, led by Anthony Galea, will join Vistra Group, and a new entity has been formed to enhance the group’s offering, called Vistra Marine & Aviation Ltd, taking from Vistra Malta its existing marine and aviation portfolio.
Marco Bugelli, managing director of Vistra Malta said, "Anthony Galea and the DF Marine team have been known to us for several years. Anthony is a leading Maltese lawyer, who is well connected and well respected both locally and overseas, especially in the international yachting and aviation circles. He and his team have built a successful business which will complement our existing offering in this market and enable us to grow."
Kevin Deguara, managing partner of DF Group commented, "After 10 years of constant growth and achievements in the marine business, the sale of DF Marine represents a significant step in DF Group's goal to focus on and optimise its core business activities. The transaction is key for our Group to release and redeploy resources to support growth opportunities in the legal field and corporate services with particular emphasis on the financial services and aviation sectors."
Anthony Galea, CEO and director of DF Marine added, "By joining Vistra Group we are embarking on a new and exciting chapter for our business and I am confident of the benefits it will bring to our clients.
"We have created a new entity, Vistra Marine & Aviation Ltd, which shall draw from the knowhow, experience and expertise of Vistra Group and DF Marine. Today you need to be a specialist to provide the quality of service we seek to provide to our clients. The Vistra Group provides the opportunity for DF Marine to enhance its services and the right platform to increase its reach and grow to provide a truly international quality service.
“Within the Vistra Group we also saw the values and approach which have been key to DF Marine's success for the past 10 years so it was a natural consequence to make this step."
For more information, visit Vistra Malta.