Luxury Yacht Builder Azimut Benetti Gets €30 Million Capital Increase: Tamburi Investment Partners (TIP) SpA, a minority shareholder of Azimut Benetti, has given the Italian shipbuilder a capital increase of over €30 million for development and growth. TIP’s chairman and managing director Giovanni Tamburi has also joined the manufacturer’s board of directors.
Azimut Benetti indicated in a statement that the capital increase will help to further strengthen the capabilities of the manufacturing from a strategic perspective, allowing the company to make further investments, develop new products and plan an active role in future high-end transactions and alliances.
TIP is an independent investment merchant bank listed on the Milan stock exchange. It holds stakes in a number of leading firms including Bolzoni and Hugo Boss, among others. The company’s considerable financial resources combined with its experience in mergers and acquisitions, will allow Azimut Benetti Group to strengthen its leadership position and market share worldwide. Azimut Benetti is the world’s leading producer of yachts over 24m in length. The statement also noted that the company says it currently has production valued in excess of €650 million, an increase of more than 10% over the previous year.
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