Sanlorenzo to Acquire a Majority Stake of Simpson Marine Group

Simpson Marine has represented Sanlorenzo, a leading luxury yacht builder, since 2015, and has recently announced that an agreement has been signed between the two companies: the shipyard will acquire Founder Mike Simpson's equity in Simpson Marine Group. The law firm Howse Williams assisted Mike Simpson with the negotiation of the contractual aspects, and Musumeci, Altara, Desana e Associati assisted Sanlorenzo. 

The sale and purchase Agreement was signed on the 7th December 2023, following an acquisition process that has taken most of 2023 to finalise. This acquisition will enable the Italian yard to increase its presence in the region, building upon the connections, expertise and experience gained over the years by Simpson Marine. 

Mike Simpson, Founder of Simpson Marine, commented: ‘I am delighted to have signed this agreement with Sanlorenzo… This sale to Sanlorenzo provides an opportunity for Simpson Marine to build on their past success in the region and share in Sanlorenzo’s ambitious plans for further expansion throughout APAC and beyond after they take control next year.’ 

Massimo Perotti, Executive Chairman of Sanlorenzo, shares Simpson’s delight at this agreement: ‘We are very pleased to have signed this agreement with Mike Simpson of Simpson Marine. This is an important step for Sanlorenzo as we continue to expand our business globally. Simpson Marine is a well-established and widely respected company in the APAC region with a tremendous potential for further expansion, and we believe that this acquisition will enable us to further develop our business in this strategically important market.’ 

The next steps will see deployment of the strategic alignment plan and regional expansion scheme for the Simpson Marine portfolio. The transaction is set to close in the first quarter of 2024.