MB92 to acquire a 91.58% stake in GYG.

MB92, a superyacht refit, repair and maintenance group, agreed to acquire a 91.58% stake in GYG, a superyacht painting, service and supply company, offering services. Financial terms were not disclosed. “We believe there is a strong strategic rationale for this transaction. This acquisition by MB92 Group, which has facilities in Barcelona, La Ciotat, the Red Sea and Golfe-Juan supports both companies’ strategic vision to enhance market responsiveness and elevate client services. In a sector that demands the highest quality standards, GYG will continue to operate its businesses across Europe and the U.S., and the combination will allow GYG to meaningfully strengthen its growth potential and ability to deliver exceptional quality and value to clients,” Remy Millott, GYG CEO.