Private equity firm 3i looks at sale for Fairline

3i has hired advisers to look at "strategic options" for the Oundle-based boatbuilder

Fairline’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.

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“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.

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