Lonsdale Capital Partners has successfully exited its investment in GYG Plc, achieving a 3X return and 75% IRR, following significant growth in the superyacht painting and maintenance sector.

Information on the Target

GYG Plc is a prominent player in the superyacht industry, specializing in painting, supply, and maintenance services. Headquartered in Palma, Mallorca, the company operates across multiple regions, including the Mediterranean, Northern Europe, and the USA. GYG's well-established brands, such as Pinmar, Pinmar Yacht Supply, and Technocraft, contribute significantly to its reputation and market reach. In 2019, GYG reported impressive revenues amounting to EUR 63.8 million, highlighting its strong position in the market.

Since Lonsdale Capital Partners invested in GYG in 2016, the company has made remarkable progress. The investment facilitated significant expansions in its service offerings, particularly in the construction of new superyachts and ongoing maintenance. GYG's order book is now at an unprecedented high, indicating robust demand and future growth potential.

Industry Overview in the Target’s Specific Country

The superyacht industry has witnessed considerable growth in recent years, fueled by increasing demand in luxury markets globally. Spain, particularly through regions like Mallorca, has establi