Information on the Target

MB92 Group has officially completed the acquisition of GYG Ltd., the parent company of prominent brands in the superyacht industry including Pinmar, Pinmar Yacht Supply, and Technocraft. This acquisition will allow these brands to maintain their independent operations across Europe and the United States. GYG Ltd. has distinguished itself as a leading superyacht painting, service, and supply company, known for its commitment to high-quality standards and client satisfaction.

With a legacy spanning nearly 50 years, Pinmar has developed a reputable foothold in superyacht painting, initially establishing itself in Mallorca, Spain in 1975. The brand has always focused on the evolving landscape of the superyacht industry, adapting to client needs and embracing technological advancements to enhance its service offerings.

Industry Overview

The superyacht industry has seen consistent growth, particularly in Europe and the USA, where luxury and bespoke experiences drive customer demand. As the market evolves, service companies are expected to offer increasingly sophisticated solutions that cater to both new builds and refits, ensuring vessels remain in peak condition while adopting sustainable practices.

In Europe, countries such as France and Spain are renowned for their prestigious shipyards and specialist craftsmen, making them key players in the superyacht refit and repair segments. This region not only boasts a rich maritime heritage but also attracts an affluent clientele looking for quality and luxury in their investments.

The rise of eco-consciousness has transformed the industry, with companies now seeking to integrate sustainability into their operations. Initiatives like MB92's

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