Sunseeker International confirms that the current investors Cheyne Capital and Cross Ocean Partners will retain their existing stake. The takeover by the private investment firm KCP announced in March will not materialise. KCP, together with Lionheart Capital, was unable to finalise the agreed debt purchase and subsequent share takeover within the specified deadline.
The financing agreements could therefore not be finalised in time. As a result, the existing lenders Cheyne Capital and Cross Ocean Partners stepped in and announced the takeover of the business - subject to regulatory approvals. See also 2024: Sunseeker is sold.
New leadership and yet continuity
Steve Timms takes over the management of Sunseeker International as interim CEO. The former Chief Operating Officer has more than 25 years of experience in the company, so he knows the structures and processes. He will lead the shipyard while a permanent successor is sought, and Antony Sheriff will remain with the company as a consultant. The continuity in management is intended to ensure ongoing operations and strategic realignment.
Sunseeker invests in products and staff
Cheyne Capital and Cross Ocean Partners are planning additional investments in the shipyard's product range, operations and workforce. The funds are expected to flow in the coming months. The investors are continuing to pursue the strategy presented at the beginning of 2026, which aims to position Sunseeker more strongly in the superyacht segment.
The British shipyard based in Poole has been building motor yachts and superyachts for decades. The new owners want to increase competitiveness through targeted investment in development and production. The company is not giving details of the planned projects and models.
Uske Berndt
Editor News & Panorama
