Investment drums Partners Benetti Azimut will acquire 12% of the capital of the nautical shipbuilding group



Merchant bank independent the Investment Drums Partners (TIP) Benetti Azimut, world leader in the yacht construction will acquire 12% of the capital of the nautical shipbuilding group and megayacht. The family Year-old calves, shareholder of wide majority of the shipbuilding group, in fact has concluded two relative agreements in participation of minority in vital own which preview that Azimut Benetti Spa and Tamburi Investment Spa Partners the actions of stopped Benetti Azimut acquire with joint quotas all from the investment trust Mittel Spa, current associate with a quota 6.2%. A separated agreement previews that within next 31 August Investment Drums Partners it signs a capital increase entirely, already deliberated from the assembly of the society, of beyond 30 million euros in Azimut Benetti Spa. Carried to term agreements TIP it will stop 12% about of the capital of Azimut Benetti Spa (on base fully diluted, therefore also as a result of the increase of capital and to clearly of the actions own) and Giovanni Tamburi, president and managing director of TIP, it will enter to take part of the board of directors of the society.

Azimut Benetti and TIP have emphasized that "the capital increase - in a group substantially without financial debits - joins to the wide credit lines available and has the scope to strengthen the potentialities ulteriorly financial institutions of the group in strategic optical, to be able to carry out ulterior investments, to develop new producing and to actively participate to operations and alliances that will be able to be introduced in future in the field of the nautical one of high range. The remarkable availabilities financial institutions joined to the experience of group TIP in the operations of extraordinary character (the current ones participated have carried out, from the moment in which TIP has become shareholder, beyond 60 operations of extraordinary finance) - they have explained Azimut Benetti and TIP - will be able therefore to afford to the group Benetti Azimut to ulteriorly strengthen own positions and market shares to international level".

The group Benetti Azimut, that it comprises also Fraser Yacht, one of the more nautical important broker to the world, work through six productive takeovers and 11 ship yards, a net of sale of 138 dealer in beyond 70 Countries, about 2.179 dependent, with a annual value of the production of beyond 650 million euros and with an increase of beyond 10% - still more in the orders - regarding the exercise precedence.