China’s Dalian Wanda buys PE-backed yachtmaker Sunseeker
Dalian Wanda Group has sealed a deal to acquire a 91.81% stake in Britain’s largest luxury yachtmaker Sunseeker – backed by Irish private equity firm FL partners - for GBP320 million ($495 million). The deal is expected to close by mid-August.
Wanda has also reached an agreement with Irish developer Green Property to build a luxury hotel in Central London for GBP700 million ($1.08 billion), a statement said. "Acquiring Sunseeker deepens Wanda's...
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