Bronzewood Capital, the private equity investor focused on UK mid-market turnaround situations with asset backing, is pleased to announce its first transaction, one month after launch.
The firm is backing Fairline Holdco Limited in acquiring the business and assets of Fairline Yachts, the world-famous luxury boatbuilder, from administrator Alvarez & Marsal and secured lender DF Capital for an undisclosed consideration. Bronzewood is joined by the private investment offices of Paul Taylor. Paul Taylor’s advisory boutique, The Danebury Group, acted as strategic advisor. The agreed deal, secured in a competitive sale process, includes a commitment to keep manufacturing in the UK. All of Fairline’s 223 employees will remain with the company via a TUPE transfer.
Operating from two bases in Oundle and Ipswich, Fairline entered administration in January 2025. The consortium will immediately deploy an industry-leading transition team to manage the business and is assembling an executive team to develop and execute a longer-term strategy for sustainable growth.
Commenting on the transaction, Bronzewood chairman David Buchler said:
“This is a hugely exciting opportunity as our first deal and a little ahead of the schedule we suggested in recent weeks. Fairline is a strong, British heritage brand with a very high quality product. We look forward to getting to work straight away with the highly skilled team in Oundle and Ipswich on operational improvements and the business’s financial structure to help it back on course as soon as possible.”