KPS Capital Partners, a private equity firm, agreed to acquire Princess Yachts, a manufacturer of luxury motor yachts from L Catterton, a private equity firm. Financial terms are not disclosed. "We are excited to make this significant investment in Princess Yachts, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range and worldwide reputation for quality and innovation. KPS' investment will accelerate Princess' growth trajectory and fund numerous investments for its future. We look forward to working with Princess' existing stockholders, Chief Executive Officer Antony Sheriff, the senior leadership team and the talented employee base at Princess Yachts," Ryan Harrison, KPS Partner.