Fairline
- Thread starter Snowgoose-1
- Start date
Seastoke
Well-known member
Good news , but they describe Fairline as the uk biggest builder. Ok Taylor Wimpy is.
AllanG
Well-known member
Bronzewood Capital was only established a month ago, and Fairline will be their first acquisition 
Sticky Fingers
Well-known member
This seems vanishingly unlikely to be successful long term. No idea what the credentials of the key players are but turning Fairline round into stable long term profitability isn’t for a newbie. IMHO.
roa312
Active member
I think a small fund is really the best they could hope for in this situation. It's an unfortunate time to be in need of capital, given the market downturn over the last few months. Since this is Bronzewood’s first acquisition, they should at least be able to dedicate a fair bit of attention and resources to the business, which likely played a role in their decision (just me speculating). Finding a strong management team will be challenging, but that was probably true for all potential buyers. Best of luck to them.
kashurst
Well-known member
This is unlikely to go wellBronzewood Capital was only established a month ago, and Fairline will be their first acquisition
a: they put in enough cash to finish the boats in build, carry on selling and building in the same manner as per, then go bust in 2 to 3 years
b: they put in enough cash to finish the boats in build then asset strip/develop the remaining assets into something completely different - if there are any as per Sealine.
c: they put in enough cash to finish the boats in build and find a suitable subcontractor in Turkey/China/Taiwan, build and sell more Fairlines and maybe make some money,
but the UK factory will ultimately go.
rafiki_
Well-known member
Let’s all hope Bronzewood is successful in getting Fairline in a suitable position for an acquisition by one of the lager Italian or French builders.
ari
Well-known member
Odd that the administrators chose them then...
Sticky Fingers
Well-known member
We’ll probably never know. Maybe the best option on the table.
Seastoke
Well-known member
Hey I offered 300k if I could have a sqwady 50 for the investment.
Snowgoose-1
Well-known member
Quote:
"An investment vehicle founded by a former Tottenham Hotspur Football Club executive is sailing to the rescue of one of Britain's biggest luxury boat-builders with a pledge to keep its manufacturing operations in the UK .Unquote:
Lets hope the above happens.
"An investment vehicle founded by a former Tottenham Hotspur Football Club executive is sailing to the rescue of one of Britain's biggest luxury boat-builders with a pledge to keep its manufacturing operations in the UK .Unquote:
Lets hope the above happens.
jfm
Well-known member
That's actually a meaningless point. This is the first acquisition by the technical legal entity that is Bronzewood, but the principals behind it and no doubt the capital providers have done many deals before so this is absolutely not a "first rodeo" situation.Bronzewood Capital was only established a month ago, and Fairline will be their first acquisition
jfm
Well-known member
I'm curious about how you reach that judgement!
jfm
Well-known member
Curious about that statement. Nothing wrong with small in this case. Fairline needs a small amount of capital and a massive amount of new skill at the shareholder/CEO level. It doesn't need vast amounts of capital.
Yes there is a big challenge here in getting a management team able to do this turnaround when there isn't a huge £££ amount of management equity to play for. I think they need someone other than Peter Hamlyn. I'm guessing the principal involved (David Buchler) will get quite involved himself for a while
roa312
Active member
I think my point was that the administrator and creditors maybe prefer the company to go into a large fund due to considerations of financial viability of the acquirer, but I realise that they will have chosen Bronzewood due to the terms and conditions on offer and not based on some arbitrary ranking of total fund size or limited partners.
I'm also speculating on the actual fund size of Bronzewood, which may be substantial - I don't know. The only have a few team members listed on their website, but they could just be in a growth phase.
PowerYachtBlog
Well-known member
Rumour was it that FG was interested. Although it does not fit exactly there profile of brands, which usually stand out a bit more design wise then a Fairline.
Although I could see them make it work by making smaller sub fifty/sixty foot Targa's, and probably Phantom sport bridges.
But then I could see them phase out the Squadron's which really clash with the Ferretti flybridges for example,
jfm
Well-known member
Bronzewood is tiny. That's a fact, not a criticism. It may even be a pool of capital assembled just for this deal - again, nothing wrong with that.
ari
Well-known member
It wasn't a judgement, it was a response to this comment:I'm curious about how you reach that judgement!
kashurst said:
This is unlikely to go well
I get a little fed up with the incessant doom and gloom posts from 'bar room experts' on this forum (on all sorts of topics, not just this one). Clearly the administrators are not going to appoint anyone with the expectation that it is 'unlikely to go well', so why do people feel the need to make such negative comments based on nothing?
Personally I wish Fairline well and I hope that this is a big success. And thank you for injecting a little actual knowledge and expertise into the thread, although I doubt it will be welcome.
jfm
Well-known member
Sorry Ari, my apologies, I completely mis-read your comment. I missed the word "then" at the end of your sentence, which completely changed its meaning (in my head!)
I'm completely agreeing with you therefore And wishing the new Fairline much success.
I'm completely agreeing with you therefore
And wishing the new Fairline much success.
ari
Well-known member
No worries.
