NEW CHAPTER FOR PRINCESS YACHTS

KPS Capital Partners has entered into a definitive agreement to acquire a controlling equity interest in Plymouthbased Princess Yachts.

The moves come after the luxury yacht builder announced expansion plans last year as part of the successful bid by Plymouth City Council to create a Freeport in the region. Princess Yachts believes this new investment will help support these plans and reinforce the unique national and international marine capabilities in Plymouth and the wider South West region.

Antony Sheriff, CEO Princess Yachts, 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-inclass motor yachts. With a current order book nearing a record $1 billion and many