This is Balmoral’s second deal in this sector, having bought Italian motor boat maker
Winckles said: “Oyster is a remarkably successful global business in the up-market luxury sailing boat segment that we are proud to acquire”.
Graham Randell, senior managing director of CIT Leveraged Finance Europe said: “The private equity middle market has continued to offer a healthy pipeline of acquisition opportunities and we are delighted to have completed our first lead deal in 2008 with Balmoral.”