Information on the Target

Riello Investimenti SGR has successfully acquired a 60% stake in Apreamare Yacht S.r.l, a renowned Italian shipyard known for its high-quality yachts. The company, led by Cataldo Aprea and Rita Pollio, reported revenues exceeding €20 million in 2024, with more than 25% of sales generated from international markets. Apreamare’s strong financial performance is supported by a solid reputation for quality and a continually expanding product range.

The robust profitability of Apreamare reflects its commitment to excellence and its competitive edge in global markets. The company's established international presence has contributed significantly to its success, making it a prominent player in the luxury yacht manufacturing sector.

Industry Overview in Italy

The Italian yacht manufacturing industry is one of the most prestigious in the world, characterized by a rich tradition of craftsmanship and innovation. Italy boasts numerous shipyards and brands that have garnered global acclaim, attracting affluent clientele and fostering a culture of luxury and exclusivity. With a strong emphasis on design, quality, and performance, Italian yacht builders have remained at the forefront of international maritime markets.

In recent years, the industry has experienced significant growth, driven by increased demand for luxury vessels, particularly among wealthy individuals. As affluence rises globally, the trend towards purchasing high-end yachts has gained momentum, reinforcing Italy's position as a leader in the sector. The ongoing investments in technology and sustainable practices further enhance the competitive landscape of this industry.

Furthermore, the Italian government has shown support for the maritime industry through favorable policies and infrastructure development, aiding shipyards in enhancing their production capabilities and expanding their market reach. This supportive environment positions Italian yacht manufacturers for sustained growth and success in the global arena.

The Rationale Behind the Deal

The acquisition of Apreamare Yacht aligns with Riello Investimenti's strategy to invest in iconic Italian companies with significant growth potential. By involving the Aprea and Pollio families in the deal, Riello facilitates a management continuity that is crucial for maintaining operational excellence in the maritime sector. This transaction also allows for a substantial injection of financial resources into Apreamare, enabling the company to expand its shipyard operations and launch new yacht models.

Moreover, the partnership aims to leverage Apreamare's established brand and reputation while enhancing its product offerings, ultimately improving competitiveness in a rapidly evolving luxury yacht market.

Information About the Investor

Riello Investimenti SGR is an investment firm focused on acquiring and enhancing companies with high growth potential in various sectors, including manufacturing and luxury brands. Under the leadership of Nicola Riello, the firm has established a reputation for strategic investments that prioritize sustainability and long-term value creation. Riello Investimenti's approach combines financial backing with expertise in operational improvement, ensuring that acquired companies not only thrive but also innovate.

The firm seeks to identify and cultivate iconic brands within the Italian excellence framework, contributing to the preservation and expansion of Italy's industrial heritage. Its commitment to reinvesting in acquired companies demonstrates a robust belief in their growth prospects and the potential for elevating Italian craftsmanship on the global stage.

View of Dealert

From an investment perspective, the acquisition of a majority stake in Apreamare Yacht by Riello Investimenti appears to be a strategically sound move, given the company's established market position and significant revenue potential. The involvement of the Aprea and Pollio families offers a measure of continuity and stability that is essential for navigating the competitive landscape of the luxury yacht industry. Additionally, the planned financial infusion is likely to empower Apreamare in its pursuits to innovate and expand its product lines.

The luxury yacht sector is poised for continued growth, bolstered by rising global affluence and increasing demand for bespoke vessels. As such, Riello Investimenti's focus on leveraging Apreamare's brand and operational capabilities presents a compelling investment case. The firm's commitment to maintaining the brand's quality and craftsmanship will be integral to its success moving forward.

In conclusion, this acquisition not only aligns with Riello Investimenti's strategic goals but also positions Apreamare for potential growth in an evolving market. Therefore, it could be considered a promising investment opportunity that captures both heritage and future potential in Italy's prestigious yacht manufacturing industry.

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