Pendennis acquires Vilanova Grand Marina

British yard Pendennis has acquired Vilanova Grand Marina in Barcelona.

The deal for the superyacht marina follows a multi-million-euro funding deal with NatWest and Lombard Asset Finance.

The funding package has enabled Pendennis to take a controlling stake in Vilanova and purchase an adjacent site. This site will provide a new 12,000-m² servicing facility alongside the marina, which includes a 640-tonne haul capability, offering valuable technical support to the Mediterranean superyacht set.

Toby Allies, joint managing director at Pendennis, said, “Acquiring Vilanova Grand Marina is a real strategic coup for the business, helping us bolster our presence in the Mediterranean, a key region in the superyacht industry.

“Our primary refit offering will remain in Falmouth [UK] but this strategic acquisition positions the business perfectly for further growth. It’s a hugely significant step for the business and a very exciting time for both ourselves and our clients.”

For more information, visit Pendennis and Vilanova Grand Marina. Sign up to our newsletter to get the best of Yachting Pages delivered direct to your inbox every month.

Source: Business Cornwall