- Winfried Herrman, a window manufacturer, and Josef Meltl, a yacht charter broker, founded Bavaria Yachtbau in 1978
Bavaria Yachtbau Net worth 2024 (estimated)
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Bavaria Yachtbau facts
- By 2006, the company had grown to producing approximately 3,500 sailing and motor yachts and employing 600 people
- Bavaria Yachtbau is one of Europe's largest yacht manufacturers and is the biggest yacht yard in Germany
- Bavaria Yachtbau is also one of the top three global market leaders for yachts ranging from 30 to 56 feet
- In June 2007 the US private equity investor, Bain Capital acquired the company from the founders
- Although the exact price of the transaction was not disclosed, the purchase price was estimated to be between 1
- 1 and 1
- 3 billion Euros
- After the market crash of 2008, Bain Capital transferred control to US private equity investors Anchorage Advisors and Oaktree Capital Management, which each took 45 percent of shares in October 2009
- In August 2010, Jens Ludmann was named spokesman of the management board
- Prior to being appointed to this position Ludmann was the Chief Engineer of Ford Motor Company
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