An all Italian joint venture has been created to save the Italian sailing superyacht brand, Perini Navi. Ferretti Group and Sanlorenzo have announced the creation of a NewCo in an equal joint venture to acquire Perini Navi, declared bankrupt by the Lucca Tribunal on 29 January.

Through the NewCo, Ferretti Group and Sanlorenzo, world leaders for Italian nautical excellence, have shown interest in putting forward an offer for the acquisition of the brand, assets and Italian businesses of Perini Navi, and, possibly, subject to a lease on the company branches, so as to guarantee a more streamlined and faster recovery of manufacturing activities and employment levels.

FERRETTI GROUP: ‘HISTORICAL ALLIANCE WITH SANLORENZO”

“This is an important day for the Italian boating industry – noted the lawyer, Alberto Galassi, chief executive officer for Ferretti Group – and for the employees and families of Perini Navi. Passion, experience, and singular skills that will, in this manner, continue to be protected. This also goes for the satellite activities around Perini Navi, which will now be protected, all suppliers who will find some peace.”

“As Ferretti Group – continued Galassi – we are constantly aiming for excellence and skills that integrate with ours: often, like in today’s case, we find them in Italy. We are certain that our hard work will translate into further growth with a beneficial effect on the local area and even more prestige for the Italian boating industry. I would also like to note the historical importance of the alliance with Sanlorenzo, in line with our new spirit of partnership that can be felt throughout the country: a beneficial expansion of horizons that will allow us to once again find new opportunities and success.”

SANLORENZO: PERINI NAVI HAS AN INCOMPARABLE HISTORY”

“I began my professional career in boating in Viareggio – said the cavaliere, Massimo Perotti, executive chairman for Sanlorenzo – in the same place and year where Perini Navi was founded. It was 1983, and since then, I have always admired the business model of this extraordinary brand: vessels of excellent quality, built to measure for a limited number of expert yachters. Singular characteristics that I found years later in Sanlorenzo.”

“Because of these similarities – added Perotti – and with the determination of saving an Italian brand with an incomparable history, in the interest of the local area and all the stakeholders, first and foremost the employees and suppliers, I shared, from the first moment, the interest of Sanlorenzo in participating in its recovery. Today, I am happy to be able to do so in partnership with the Ferretti Group. This is a historical alliance for our industry, and I am convinced it will have further developments and will be an example for other initiatives aimed at reinforcing the leadership of our sector in the world.”

Giuseppe Orrù