New investors for Sunrise Yachts
by Simon Hardie
Turkish yacht builder Sunrise Yachts announced in December that new investors have taken a controlling interest in the company, in order to support the second phase of development. The arrangement with Diamond Living Private Investment Fund, managed out of Hong Kong, is expected to be consummated by mid-January 2016. Further announcements are likely to be made about the long-term plans of the partnership when the deal is concluded.
“It is our view that Sunrise represents a good recognised brand and that the company can deliver high-quality yachts at an appealing price,” said Wes Medford, the Managing Director of Diamond Living. " We have discussed with Sunrise the opportunity for us to step in as a strategic investor with a goal to assist them in their growth ambitions as well as increase their sales spectrum due to our strong positioning on the Asian market."
“In Diamond Living, we have found the ideal strategic partner that we have been seeking for quite a while. It will provide a strong stable base for Sunrise and allow us to offer total security and comfort to our clients,” explained co-founder and CEO of Sunrise Yachts' Guillaume Roché.
Sunrise Yachts has been constructing superyachts in Turkey since 2007. The adventurous new 63 metre yacht Irimari was launched in 2015 and was one of the must-see yachts at the Monaco Yacht Show. Currently in build, amongst others, is the 68 metre Project Skyfall, which is the first in a new superyacht series.