In the realm of maritime luxury, the quest to offer yacht charter guests the perfect night's sleep has become an art form, one which luxury bed and linen supplier, CC Design, has fully committed to.
Superyacht service and supply group Global Yachting Group, is expected to begin trading on AIM on Wednesday 5th July 2017.
The group, comprising Pinmar, Rolling Stock, ACA Marine, Pinmar Supply and Techno Craft, announced its application to admit its entire issued share capital to begin trading on AIM, operated by London Stock Exchange.
GYG’s shares are expected to be available for dealings from 08:00am on 5th July 2017, with ISIN number GB00BZ4FM652.
Further to issuing its entire share capital to trading on AIM, 6,944,692 new and 21,488,386 existing ordinary shares have been placed at 100 pence per share by Zeus Capital. The company is expected to have a market capitalisation of around £46.6 million on admission.
The announcement of this Initial Public Offering (IPO), has followed a period of sustained organic growth and growth by acquisition at GYG since March 2016, when Lonsdale Capital Partners provided a private equity investment to the Group.
Alan Dargan, founder of Lonsdale said, “In the 15 months since our investment in GYG, the company has acquired a majority stake in ACA Marine, which has provided us with a strong position in the South of France in terms of both new build and refit.
“We have also begun a strategic partnership with Savannah Yachting Center in Georgia, US, which is developing a large refit facility, as well as a strategic partnership with Palumbo Group.
“The company is healthy and has continued to grow and develop, the company’s profitability has improved dramatically. EBITDA was up 33 per cent in 2016, and 2017 is going to be extremely strong as well. We discussed our position with the management team and decided that an Initial Public Offering would suit the company.”
In the realm of maritime luxury, the quest to offer yacht charter guests the perfect night's sleep has become an art form, one which luxury bed and linen supplier, CC Design, has fully committed to.
A jacket completes any crew member's uniform so it's an important garment to get right. In this Tried & Tested, Sea Design pits eight popular jackets against one another to determine which one is best for superyacht crew in 2023.
iAQUA creates high-performance, technologically advanced underwater scooters. In this Tried & Tested, a team of experienced testers have rated and reviewed the AquaDart Pro and AquaDart Nano series to reveal the stand-out iAQUA sea scooter.
In a groundbreaking move toward sustainability, Torqeedo GmbH, a global leader in electric and hybrid marine propulsion,...
In 2024, global paint manufacturer Alexseal Yacht Coatings proudly celebrates two decades of innovation and success in t...
Search our industry-leading directory for over 20,000 superyacht suppliers, providers and marinas.
Search now