Macfarlanes advises KPS Capital Partners on acquisition of Princess Yachts

Macfarlanes has advised KPS Capital Partners (KPS), on entering into a definitive agreement to acquire a controlling equity interest in Princess Yachts, a leading global manufacturer of luxury motor yachts.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with over $14.4 billion of assets under management.

Princess Yachts is a leading builder of luxury motor yachts. Headquartered in Plymouth, the company's unparalleled level of vertical integration – including on-site design, engineering and manufacturing – has helped position Princess Yachts as one of Britain's most iconic luxury brands.

The Macfarlanes team was led by corporate and M&A partner Justin Hope, with associates Matilda Calvert-Barr and Rhian Edwards.

Tax advice was provided by partners Sophie Donnithorne-Tait and Jeremy Moncrieff with associate Charishma Bhujohory. Commercial advice was provided by partner Malcolm Walton, senior associate Martha Campbell and associate Cliodhna Ni Ghadhra. Pensions advice was provided by partner Faye Jarvis and Scarlett Yu. Competition advice was provided by senior associate Andrew Morrison. Employment advice was provided by senior associate Chris Boyle and real estate advice by senior associate Rebecca Ashton.