News

Published: Tuesday, 05 January 2016

Turkish ship builder Sunrise Yachts has entered into an agreement with Hong Kong-based Diamond Living Private Investment Fund. The financial company has agreed to take a controlling interest in Sunrise Yachts in order to contribute to its second phase of development.

Turkish

(Sunrise Yachts 63m)

"It is our view that Sunrise represents a good, recognised brand and that the company can deliver high-quality yachts at an appealing price,” says Diamond Living's Managing Director Wes Medford. “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.”

Founded in 2007, Sunrise Yachts has distinguished itself with the launch of its Espen Øino designed 63-metre motor yacht IRIMARI, recently nominated for a number of awards. The megayacht was presented at the Monaco Yacht Show in September 2015.

“In Diamond Living, we have found the ideal strategic partner that we have been seeking for quite a while,” says Sunrise Yachts Co-Founder Guillaume Roché. “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.”

London-based Even Keel Partners brokered the Diamond-Sunrise agreement, which is expected to be consummated by mid-January 2016, at which point further announcements about its long-term plans will be made.

www.sunriseyachts.com

www.diamondliving.com