KPS Capital Partners acquiring Princess


Princess Yachts set to “receive growth investment boost” as KPS Capital Partners takes controlling interest.


Princess, Yachts, KPS, acquisition, Capital Partners, US, private equity firm, Plymouth, shipyard, Antony Sheriff, CEO, Ryan Harrison, Partner, KPS Mid-Cap Investments, Plymouth City Council, Freeport


KPS Capital Partners, LP, a US-based private equity firm, is acquiring a controlling equity interest in Princess Yachts (Holdings) Limited, with existing shareholders retaining ownership in the company. The British luxury yacht builder stated that completion of the transaction is expected in the first quarter and is subject to customary closing conditions and approvals.


The Plymouth-based shipyard also said the new investment will help support expansion plans it announced last year as part of the successful bid by Plymouth City Council to create a Freeport in the region.


Antony Sheriff, CEO of Princess Yachts, said: “We are thrilled to partner with KPS for this exciting new chapter for Princess Yachts. KPS and the Princess Yachts team are deeply committed to investing in the company’s future while continuing to further strengthen our portfolio of best-in-class motor yachts.


“With a current order book nearing a record US$1 billion and many model lines sold into 2025, we have never been in a stronger commercial position. Together with KPS’ tremendous track record of manufacturing excellence and investing in leading brands, we are now positioned to take Princess Yachts to the next level of industry leadership in quality and innovation.


“Under KPS’ ownership, we will accelerate a range of growth and operational initiatives to build upon our long and successful history.”


Ryan Harrison, a Partner of KPS Mid-Cap Investments, added: “We are excited to make this significant investment in Princess Yachts, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range, and a worldwide reputation for quality and innovation.


“KPS’ investment will accelerate Princess’ growth trajectory and fund numerous investments for its future. We look forward to working with Princess’ existing stockholders, CEO Antony Sheriff, the senior leadership team, and the talented employee base at Princess Yachts.”