Private Equity / Sunrise Yachts acquired by Diamond Living.

Sunrise Yachts has announced they have entered into an agreement with an international fund managed out of Hong Kong. The Diamond Living Private Investment Fund has agreed to take [highlight color=”yellow”]a controlling interest[/highlight] in the company in order to contribute in its second phase of development. The Diamond-Sunrise deal, brokered by Even Keel Partners in London, is expected to be consummated by mid-January 2016.

“It is our view that Sunrise represents a good recognised brand and that the company can deliver high-quality yachts at an appealing price. We have discussed with Sunrise the opportunity for us to step in as a strategic investor with a goal to assist them in their growth ambitions as well as increase their sales spectrum due to our strong positioning on the Asian market”, according to Diamond Living’s Managing Director, Wes Medford.

Sunrise Yachts, founded in 2007, has distinguished itself lately with the launch of their Espen Oeino designed 63m motor yacht IRIMARI, recently nominated for a slew of awards and showcased at the recent Monaco Yacht Show.

“In Diamond Living, we have found the ideal strategic partner that we have been seeking for quite a while. It will provide a strong stable base for Sunrise and allow us to offer total security and comfort to our clients. Also this partnership will provide us with the ability to develop our own niche projects to speculate on the market”, says Guillaume Roché, Sunrise Yachts’ co-founder who is to remain as CEO.

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