The British shipyard Sunseeker, famous for James Bond’s yachts and more, is preparing to change hands. It appears that Chinese conglomerate Wanda is close to a deal with Miami-based Lionheart. Not many details have been made available, but it appears that the transaction, subject to approval by British authorities, could be finalized as early as next month.
Who sells and who buys Sunseeker: Wanda Group and Lionheart
The Chinese conglomerate Dalian Wanda is a multi-billion-dollar behemoth. His entry into Sunseeker dates back to 2013, when he acquired 92 percent of the company for about $493 million at the time. Behind it was also a major growth volume of the Chinese market in luxury products. Now the group, the largest mall operator in the country, appears to be looking for liquidity and is selling many of its core businesses.
Against this backdrop is the news released by Bloomberg and South China Morning Post stating that a sales agreement has been reached and signed between the two parties.
Dalian Wanda thus appears ready to divest its shares to Lionheart Capital, an investment company that acts in fields as diverse as catering and technology. It is based in Miami and focuses on creating shareholder value from high-growth companies. This is not Lionheart Capital ‘s first time in boating. As early as 2021, the acquisition of a legendary brand in powerboats took place: the American Cigarette Racing Team, founded by Don Aronow and synonymous with offshore.
What shipyard is Sunseeker
If the Aston Martin is the iconic car of “British Style,” in boats the British symbol is definitely Sunseeker. Founded in 1969 by brothers Robert and John Braithwaite, it is now led by Italian CEO, Andrea Frabetti. The site, which is implementing a multi-million-pound development plan, is now ready to change hands and become American.
