3i has hired advisers to look at "strategic options" for the Oundle-based boatbuilder
TweetFairline’s private equity owners 3i have hired advisers to look at a possible sale of the Oundle-based boatbuilder.
The advisers from Deloitte have been brought in to look at “strategic options” for the firm, Fairline confirmed today.
Derek Carter, CEO of the motor boat manufacturer, said: “Fairline Boats Limited confirms that the directors are working with 3i and Deloitte in considering a number of strategic options for the business.”
3i backed a management buyout of Fairline for £40 million back in 2005, and last year investigated selling the company for an estimated £100 million.
Despite the news, Carter said it was “business as usual” at the company.
“Work continues on the new products due for release in 2011 and the development of Fairline’s leading position in the global leisure marine market,” he said.
