The group owns prestigious, exclusive brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally. However, in January 2009, the company appointed Rothschild to advise on talks with its banking syndicate, led by Royal Bank of Scotland (RBS) and Mediobanca to restructure a EUR 1.1bn debt. The company sells its products through a network of dealers and brokers in North America, Asia, and internationally. shipyard in Pesaro was finalized. [3] Permira had a 54 times return of its original investment from the listing.[4]. What if you had a private island where to make your own rules? The Wally 43 Wallytender with a capacity for 12 people. The ultimate flybridge: innovation, comfort and technology, always a wave ahead of the rest. Pershing is a winner at the Motor Boat Awards 2021. In 1993, Ferretti of America, Inc. was founded to market motoryachts in the United States, Canada, Mexico, Venezuela and the Caribbean. Norberto Ferretti won the Class 1 Offshore World Championship title in 1994. Mochi Craft delivers comfort, reliability and high performance in all sea conditions. Pershing, a Ferretti Group subsidiary, may have moved away from the fast-and-furious powerboat market when it introduced the Pershing 108 (+39.0721.956211, www.pershing-yacht.com) in July 2011, but… The lobster boat, Italian-style, a feast of innovative design and technology. FERRETTI INTERNATIONAL S.r.l. [2] In 2000, it was temporarily listed in the Italian Stock Exchange, but decided to be taken private citing concerns for negative financial climate by the September 11, 2001 attacks. FERRETTI GROUP CONQUERS THE SCENE IN FORT LAUDERDALE WITH A STUNNING FLEET OF 16 BOATS, 2 FANTASTIC AMERICAN PREMIERES AND MANY NEW PROJECTS Absolute preview for the new TØ Pershing project is revealed, a new yacht family range that will combine the pleasure of the sea with Pershing performance Due to a high level of interest from private equity buyers, the IPO was postponed. In 1995, after the sudden death of Alessandro Ferretti, 70% of the group was acquired by Permira. In May 2001, Ferretti acquired the assets of the Oram shipyard in La Spezia, where the new Riva production area would subsequently be built. In particular, as a result of the agreement, Norberto Ferretti, the Group's management and Mediobanca hold 100% of the Group's voting rights. They established a new unit in Forlì, which today houses the company headquarters. And we’re proud to announce that in the last weeks, two new yachts landed in Hong Kong: Custom Line Navetta 33 Crescendo and Ferretti Yachts 650. Underpinning this success are high investments combined with the appropriate organizational structures and facilities. The Group's equity was divided between Norberto Ferretti and the management (38.2%), Mediobanca (8.8%), and senior and mezzanine lenders (the latter with a total 53% in exit participation rights). For the Ferretti Group this also means offering new models every year, producing wonderful and unique boats that are breathtaking to look at and fire with enthusiasm anyone doing a sea trial. Ferretti S.p.A. (trading as Ferretti Group) is an Italian multinational shipbuilding company headquartered in Forlì which specialises in the design, construction and sale of luxury motor yachts. Ferretti Group’s subsidiary, Wally, has revealed the new 43 Wallytender – creating the Swiss Army Knife of tenders, suiting uses such as a family day boat, superyacht tender, resort shuttle and sailing yacht support vessel. During the Ferretti Group press conference, scheduled for the opening day of the show, the Group plans to announce some of the new yachts that will debut next year, in addition to the primary results achieved in 2019, along with details of the organization of subsidiaries in … The goal is to create boats that improve and add to the heritage of each brand, becoming objects of desire and best sellers. Ferretti S.P.A. owns exclusive brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, and Custom Line. Industry: Transportation Equipment Manufacturing. the Group's brands throughout the North American market - and in Asia, through its subsidiary Ferretti Group Asia Pacific Ltd., based in Hong The improvement of this result, in a market still characterized by price pressure, was primarily due to the key initiatives taken by the Ferretti Group during the course of the 2009-2010 nautical year, which resulted in a cost reduction of around 50 million euro. Bertram Yacht was sold in 2015. It has subsidiary companies in the United States (Ferretti Group North America), Brazil (Ferretti Group Brazil, based in São Paulo, and soon one based in Foz do Iguaçu ) and representative branches in Hong Kong and Shanghai (Ferretti Group Asia Pacific). The Ferretti Group S.p.A. includes the stellar yacht brands of Riva, Pershing, Itama, Wally, Mochi Craft, CRN, and Custom Line, in addition to Ferretti Yacht s. 13 Ferretti Group reviews. Thanks to Italy’s centuries-old yachting tradition, the Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally. Pershing 8X, the “Generation X” masterpiece, triumphs in the “Custom Yachts” category. VAT NUMBER 04485970968 The Ferretti Group, a world leader in the design, construction and marketing of luxury motor yachts, has an unparalleled portfolio of SEVEN exclusive and prestigious brands, each with its own distinctive and unique features including Ferretti, Pershing, Itama, Bertram, Riva, Mochi Craft and … During Ferretti Group’s press conference, which is scheduled for Wednesday, some of next year’s new yachts will be announced, along with details about the organization of the group's subsidiaries in the United States. More than 78 percent of the company's sales, which topped EUR 770 million ($880 million) in 2006, come from outside Italy. PEC: ferrettispa@pec.it. #yourprivateisland. The dealership will represent the Ferretti Yachts, Riva and Pershing brands. And above all what if on your private island you could embrace all of the inhabitants? Capital Stock €250.734.954,00 i.v. Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages six shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60, carefully-selected dealers. The Planing and Navetta series elevate custom yachting to an aesthetic experience that thrills the senses. The wide range of yachts available (flybridge, runabout, open, coupé, lobster boat, fisherman, maxi and mega-yachts) has been developed by the Group’s Strategic Product Committee, the Marketing Department and the Engineering Department. The world’s most famous shipyard, the legend of contemporary yachting. Shaped by architect Filippo Salvetti, who worked with Ferretti Group to devise the external design, this newest member of the fleet opens up a whole new way to experience the sea. Ferretti Group Asia Pacific, the Hong Kong-based subsidiary of Ferretti Group, has signed an exclusive dealer agreement with Yacht Sourcing and opened an office in Jakarta, Indonesia. Viale Marconi, 20 - 24044 Dalmine (BG) - Italy ... A subsidiary of Lloyd’s Register Group Limited. In 2010, Ferretti Group Brasil was established. Ferretti expanded through making numerous acquisitions, including of Cantieri Navali dell’Adriatico – CNA S.r.l. Riva has been making history in sailing style and design since 1842. In 2002, the Group took over Diesse Arredamenti, in order to acquire new skills in the nautical furnishings sector, complementary to its yacht building activity. Between June 2002 and January 2003, the Ferretti management team and institutional investors present among the shareholders (Permira), decided to launch a Voluntary Public Tender Offer to acquire the entire share capital of the Company, with the aim of further expanding the Group through acquisitions and a precise strategic, national and international plan. It is also active in Asia through the Hong Kong-based subsidiary Ferretti Group Asia Pacific Ltd. Bertram Yacht, a subsidiary of the Ferretti Group; See also. Ferretti of America liaised with the sales network that was already present in Greece, France, Spain, Germany and Great Britain, increasing the impact of Ferretti sales abroad. In March 2010, Ferretti continued its divestment policy by selling 100% of Apreamare S.p.A., which included the nautical pole of Torre Annunziata (Naples), to the Aprea and Pollia families, the founders of the historic Sorrento brand. 55 shipments match pleasure. The company was founded in 1968 by Alessandro and Norberto Ferretti and produced its first motor sailer in 1971. Candover bought 60% of the company in an auction, outbidding the French PAI Partners and leaving the rest 30% to the founder and 10% to Permira. Led by Chairman Tan Xuguang and Chief Executive Officer Alberto Galassi, the Ferretti Group can boast modern facilities located … The Group's equity is now held by Norberto Ferretti and the Group's management (38.2%), Mediobanca (8.8%) and senior and mezzanine lenders (for a total of 53% in exit participation rights). Lrssen Werft GmbH & Co. KG Blohm+Voss Shipyards HanseYachts AG Horizon Yacht Company Kingship Marine Limited Oceanco Overmarine Group Perini Navi S.p.a Princess Yachts International Plc Sanlorenzo S.p.a Shanghai Double Happiness Yacht Co., Ltd Sunbird Yacht Co., Ltd. Sunrise Yachts Sunseeker … Developed by Wally and Ferretti Group’s technical engineering … As of August, 31st, 2010, the Group's Net Financial Debt improved compared with the previous year and was reduced to around 590 million euro, basically in line with the Plan. RBS has also agreed to grantmedium terms facilities to fund working capital requirements (EUR 65m) and three major financial institutions (already partnering with Ferretti), have extended the short-term facilities (EUR 24m) to medium-term ones. Yachting, on a higher plane. Doing Business As. Understatement and refinement: a privilege few can claim. In December 2009, with the aim of continuing to focus on its core business, the Ferretti Group sold its 60% holding in Pinmar S.L., a Spanish company specializing in painting mega-yachts to Irish entrepreneur Sean Ewing. VIA GIOVANNI ANSALDO 7. The company attributes these winnings to a hi-tech hull designed with a carbon-fiber autoclave. 1.2k shipments | 2.5k shipments when including subsidiaries. In 2009, in order to align its organisational structure to the new market scenario, Ferretti Group changed its structure and undertook a series of strategic and operative actions. Lloyd's Register Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as 'Lloyd's Register'. “The Ferretti Group has gained a very good reputation in the past years, thanks to the opening of its Hong Kong subsidiary. ferretti yachts 720. Ferretti S.p.a FIPA Group Fr. In 1998, the group purchased Cantieri Navali dell’Adriatico – CNA S.r.l., which specialized in building open type motor boats with the prestigious Pershing brand. Sporty, elegant open yachts in symbiosis with the sea. Expanding Into “The Ferretti Group” Over the years, Ferretti Yachts formed The Ferretti Group as they made numerous acquisitions of other high-quality Italian yacht manufacturers. Since then the company has succeeded in renegotiating its debt, reducing its to EUR 550m against a conversion of credits into exit participation rights, a EUR 85m capital injection underwritten by the founder and CEO, Norberto Ferretti and some of the management team (EUR 70m) and Mediobanca (EUR 15m). FORLI', FORLI'-CESENA, 47122 Italy. United States Manufacturer Has employee contact information . CRN is super-yachting: state-of-the-art design and luxurious details for your total wellbeing. Its products are sold under the brands Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN. In November 2001, acquisition of the Mochi Craft S.r.l. Credit: Ferretti Group. FERRETTI GROUP. Innovation is contagious, it spreads from person to person, from product to process, from design to technology. Built in 2010, by the Ferretti Yachts subsidiary, her exterior and interior design was created by Zuccon International Project and naval architecture by CRN Spa. » READ MORE ABOUT OUR TECHNOLOGY AND INNOVATION. Finally, in 2012, Ferretti was acquired by the Chinese multinational heavy machinery and automotive manufacturing company Weichai Group. The featured articles cover a variety of topics, including yachting, the sea, luxury, design, culture and travel. Ferretti Group publishes its sustainability report. In 2004, through Pershing, Ferretti Group acquired the Itama shipyard, which specializes in the construction of open motoryachts, completing the current definition of the Group. in 1998, CRN S.p.A., in 1999, Riva S.p.A. in 2000, Cantiere Navale Mario Morini and in 2002, Itama in 2004 and Allied Marine in 2008. In October 2006, the owners reconsidered flotation and filed an application to list its shares on the Milan stock exchange. The Ferretti Group is a world leader in the design, construction and sale of motor yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN and Custom Line. Single-member company Ferretti International Holding S.p.A, via Irma Bandiera 62, 47841 Cattolica (RN) • by other Companies of Alberta Ferretti Group (parent companies, subsidiaries and/or affiliated companies) in Italy and abroad and their employees and collaborators (e.g. [9], Together with Mitsubishi the Ferretti group has developed a system called ARG (anti-rolling gyro), which reduces the effects of the waves on their boats, using a counterweight and a gyroscope.[10]. Initially Candover was expected to participate in a EUR 100m capital injection but by February, it had walked away from the table, writing off its investment;[7] Permira had already done so. Bertrams, a UK book wholesaler; Bertrams, Gauteng, a suburb of Johannesburg, South Africa; Bartram, a surname; Bertrand (disambiguation) This disambiguation page lists articles associated with the title Bertram. Ferretti also has a sales and marketing subsidiary specifically for the North American market, Ferretti Group USA. for administrative and accounting scopes); • couriers or shipping companies to manage any activity aimed at delivering the products to the Client; Marco Segato. Ferretti was acquired by the Chinese multinational heavy machinery and automotive manufacturing company Weichai Group in 2012. Norberto Ferretti, the Group's management and Mediobanca held 100% of the Group's voting rights. In 1996, Ferretti began operating in the segment of yachts with fibreglass flybridges, measuring 28 to 40 metres in length, through Custom Line S.p.A. What if your private island could move with you and it was off the coast of Porto Cervo at dawn and in front of Capri at sunset? If … R.I. RN04485970968 Ferretti Group Of America Llc. Address. Notable Ferretti customers have included Richard Burton, Brigitte Bardot[2] and Sophia Loren. Based on financial data, the group was valued at 1.7 billion euros. A free inside look at company reviews and salaries posted anonymously by employees. The sale of Italy-based yacht builder Ferretti Group will not likely impact the planned exit of its subsidiary from its current Miami location, according to sources. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}44°12′37″N 12°06′07″E / 44.2101598°N 12.101912°E / 44.2101598; 12.101912. Experience the exhilaration! During the 1980s, the two brothers decided to specialize in the production of luxury motoryachts. Ferretti themselves describe the Custom Line boats as “a super-sporty spirit, an incredibly stylish design, large volumes, refined and customisable interiors, state-of-the-art technologies: a planing maxi yacht like the Custom Line 108’ can proudly boast all this.” Our friends at Yacht Style magazine bring us this review. ... Director of After Sales and Service -Americas at Ferretti Group. Ferretti Group represents the best of Italian nautical traditions with over 10,000 craft built in more than 170 years of operations, and includes some of the most prestigious brands in the yachting world, such as Riva, Ferretti Yachts, Pershing, Custom Line, Itama, Mochi Craft… PARTS FOR PLEASURE BOAT . Pershing sports yachts don’t just sail; they fly over the water – the fastest-moving of all, in design, luxury and technology. In 2002, the Group also finalized acquisition of Cantiere Navale Mario Morini in Ancona, which enabled CRN to extend its production capacity, Pinmar S.L., a company specialized in yacht painting and refitting, and Zago S.p.A., an Italian company operating in high-profile wooden manufactured pieces and furnishings. Subsidiaries Controller and Sales Controller. [8], Motivated by the needs for high tech synergy and greater international recognition, the company entered in 1989, into offshore racing. In August 2001, Ferretti finalized an agreement for the acquisition of the Apreamare S.p.A. shipyards in Sorrento, a leader in the production of gozzo sorrentino boats measuring 7 to 16 metres in length. "Winning in Races Propelled Bertram to Win in Production, Too", "Italy's Ferretti prepares to re-list, watches market", "RLPC-Ferretti close to agreeing MBO and debt for equity swap", "Class 1 UIM World Powerboat Championship", https://en.wikipedia.org/w/index.php?title=Ferretti_Group&oldid=1003595021, Manufacturing companies established in 1968, Multinational companies headquartered in Italy, Articles with dead external links from November 2019, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 January 2021, at 19:08. See other locations. The art of the mega yacht, full-custom creations in steel and aluminium. R.E.A : RN - 296608 - Num. During the second half of the 1990s, after institutional investors acquired a share in the capital, an expansion strategy for external lines was started through the acquisition of companies producing luxury motoryachts. Subsidiary or Business Segment. Ferretti has manufacturing operations in Italy and the United States. In order to further develop in this region the Ferretti Group has thus decided to strengthen its presence in the area by establishing its subsidiary Ferretti … An island off limits to the others and limitless to you? [9], The Ferretti team win the European Offshore Championship in 1995. Around 26,400 copies of Protagonist are sent quarterly to customers and friends of the Ferretti Group worldwide and are distributed at the most prestigious international boat shows and events, as well as in select and exclusive hotels like the Gritti Palace in Venice. The 720’s remarkably ingenious solutions elevate the concept of cruising in luxurious comfort to new heights. Described as a low-profile vessel with flowing lines that glisten with sporty spirit, CRN 142 combines extensive outdoor areas and airy indoor spaces with large windows for … In 2008, Ferretti Group acquired the assets, brands and activities of Allied Marine, an American company specialized in After Sales services and marketing of both new yachts and pre-owned motor yachts, as well as brokerage services on the US market. Ferretti Group’s shipyard subsidiary, CRN, has just announced the signing of a contract for a new custom 52-metre full-aluminium yacht, and will be the yard’s hull number 142. Ferretti Group is led by Norberto Ferretti, who cofounded the company in 1968 and remains its chairman. It has subsidiary companies in the United States (Ferretti Group North America), Brazil (Ferretti Group Brazil, based in São Paulo, and soon one based in Foz do Iguaçu ) and representative branches in Hong Kong and Shanghai (Ferretti Group Asia Pacific). Recommended to you based on your activity and what's popular • Feedback In the early 1990s, Ferretti started an internationalisation process. During the same year, Ferretti entered in the sport fisherman craft segment with the acquisition of American company Bertram Yacht, Inc.[1] - the Miami shipyard. The Custom Line built, 32.62-metre motor yacht Deva has been sold, thanks to Rytis Babravicius of Ocean Independence representing the seller and Dimitris Kyriazakos of EKKA Yachts who represented the buyer. In June 2000, with the aim of further consolidating its growth and development process, Ferretti Group decided to list on the Official Italian Stock Exchange (MTA). Protagonist was launched in 1987 and today is a leading magazine for yachting enthusiasts and motor boat owners. In 1994, Ferretti began an international marketing process by creating a strategic network of dealers outside Europe. FERRETTI SPA is located in FORLI', FORLI'-CESENA, Italy and is part of the Boat Building Industry. Subsidiaries: Weichai Holding Group Ferretti Group Shantui Construction Machinery Shantui Machinery Weichai Heavy-Duty Machinery Weichai Power Yaxing Coach Custom Line is yachting chic. Itama stands for seaworthiness and style, the pleasure of caressing the waves as you sweep over them in regal comfort. Ferretti has manufacturing operations in Italy and the United States. In 1999, Ferretti Group purchased CRN S.p.A., a shipyard specialising in the production of maxiyachts in fibreglass and megayachts with steel hulls and aluminium superstructures, measuring over 30 metres in length. All content is posted anonymously by employees working at Ferretti Group. In 1997, it won both European and World champion titles. Ferretti Group is the world leader in the design, construction and sale of motor yachts and pleasure craft. Marco Segato Chief Executive Officer at Sanlorenzo Americas. In May 2008, when the full extend of the crisis had not yet hit, rumours circulated indicating Candover was eyeing a second IPO[5] for the business which was seeing profits of EUR 158m on a EUR 933m turnover (2007). Public Limited Company Subsidiary. In 2010, Ferretti Group had a turnover of approximately 500 million euro and EBITDA of around 30 million euro. In 2001, the company was admitted to the STAR segment (High Requisite Share Segment) of the Borsa Italiana (Italian Stock Exchange). In the year 2000, Ferretti purchased 100% of the capital of Riva S.p.A., a producer of luxury fibreglass yachts measuring 10 to 35 metres in length, both flybridge and open. -Americas at Ferretti Group specifically for the IPO was postponed improve and add to the of! Title in 1994 a wave ahead of the Boat Building Industry anonymously by employees working at Ferretti Group is by! Who cofounded the company in 1968 by Alessandro and Norberto Ferretti won the 1! 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