Lonsdale Capital Partners Acquires Global Yachting Group


Lonsdale Capital Partners the private equity firm focused on the smaller end of the mid-market is supporting the management buyout of the Global Yachting Group (GYG), the parent company of both Pinmar and Rolling Stock.

The value of the investment to acquire a majority shareholding has not been disclosed

Headquartered in Palma, Mallorca with operations in Barcelona and Florida, GYG specialises in painting and maintaining superyachts, and operates globally. The group was formed in 2014 when Pinmar and Rolling Stock merged.

The management team at GYG led by Executive Chairman Remy Millott, Rupert Savage (CEO), and Peter Brown (COO), will each make further investment in the business alongside the venture capitalist firm.

Mark Conyers will also reinvest but will stand down as CEO of Rolling Stock to work alongside Remy Millott in a business development capacity, and as Group Ambassador.

This investment comes at a time when there were approximately 5,200 superyachts in operation with the fleet expected to rise some 15% to 6,000 by 2020.

With Lonsdale’s investment behind them and wider support, the superyacht service provider intends to grow through acquisition, develop its new build and refit capabilities, as well as its presence in the world’s premier shipyards.