Acquisition by CMP Capital Management-Partners of Bavaria Yachtbau.

Acquisition by CMP Capital Management-Partners of Bavaria Yachtbau, a Germany-based designer and manufacturer of sailing yachts, motor boats, and catamarans. Bavaria said the investment company CMP Capital Management-Partners will acquire the entire business including all shares in French subsidiary Bavaria Catamarans S.A.S. The parties have agreed not to disclose the purchase price. “We are convinced of Bavaria's global market potential and will sustainably develop the company,” said Kai Brandes, managing director of CMP Capital Management-Partners. “The restructuring measures will focus on regaining market share and improving production costs.”