Information on the target
Solaris Yachts, founded in 1974 and headquartered in Aquileia, Udine, is a prominent Italian manufacturer of high-end sailing and motor yachts ranging from 37 to over 100 feet. The company is renowned for its composite hulls and semi-custom construction, positioning itself as a leader in the luxury yacht segment. Recently, Marc Giorgetti, a Luxembourg entrepreneur and president of Solaris Yachts, consolidated his stake in the company by acquiring approximately 6% of the capital from partner Michele Ricci through the vehicle Morning Bay. This transaction, valued between €2 million and €3 million, was finalized at the end of July 2026.
In addition to its core operations, Solaris Yachts also controls the French brand CNB Yacht Builders, which was acquired from Bénéteau in 2021. The company achieved record consolidated revenues of €111 million in 2024, driven by a diversified product range and a strong market presence. Giorgetti has been a shareholder since 2008 and became the majority owner in 2021, steering the company towards significant growth and establishing it as a key player in the European performance sailing market.
Industry overview in the target’s specific country
The shipbuilding industry in Italy, particularly in the segment of luxury yachts, has experienced a renaissance in recent years. Italy is home to some of the world's most prestigious shipyards, known for their craftsmanship, innovation, and design excellence. The sector benefits from a rich maritime heritage and a skilled workforce, which together contribute to the production of high-quality vessels that cater to a discerning clientele. The Italian shipbuilding industry is characterized by a strong emphasis on custom-built yachts, allowing for a high degree of personalization and luxury.
In recent years, the demand for luxury yachts has surged, driven by an increase in wealth among high-net-worth individuals and a growing interest in recreational boating. This trend has been particularly pronounced in the Mediterranean region, where Italy's strategic location and favorable climate make it a prime destination for yacht owners. The Italian shipbuilding sector has responded by expanding its offerings and enhancing its technological capabilities, ensuring that it remains competitive on the global stage.
Moreover, the Italian government has implemented supportive policies aimed at fostering growth within the maritime sector, including tax incentives and investment in infrastructure. These initiatives have helped to bolster the shipbuilding industry, attracting both domestic and international investment. As a result, Italian shipyards are increasingly recognized for their ability to deliver innovative and sustainable solutions, aligning with global trends towards eco-friendly and energy-efficient vessels.
Overall, the shipbuilding (NEC) industry in Italy is poised for continued growth, with a robust pipeline of orders and a strong focus on quality and innovation. Compani…