The Luxury Blogger » candover investments http://luxury-blogger.com The Luxury Blogger writes about all things luxurious. Luxury automobiles, luxury gadgets, luxury yachts, luxury travel and luxury real estate. Sat, 04 Feb 2012 22:50:15 +0000 en hourly 1 admin admin Just another WordPress weblog No No Luxury Yacht Make Ferretti Facing Financial Problems http://luxury-blogger.com/luxury-yacht-make-ferretti-facing-financial-problems http://luxury-blogger.com/luxury-yacht-make-ferretti-facing-financial-problems#comments Sat, 14 Mar 2009 20:44:49 +0000 admin http://luxury-blogger.com/?p=147 550_aerial
Ferretti SpA, the Italian yachtmaker may get a 90 million-euro ($114 million) cash injection from its managers and Mediobanca SpA as creditors take control. Mediobanca will gain a stake of about 10% in the maker of Riva and Bertram yachts in return for an investment of as much as E20 million, while managers led by founder Norberto Ferretti will invest about E70 million in fresh capital for about 40% of the company, two of the people said. A group of more than 100 creditors led by Royal Bank of Scotland Group Plc, which went broke itself last year, will convert some debt to equity, leaving them with about 50% of the Forli, Italy-based company. And if your maths is as good as mine – 10+40+50=100%, meaning the company is flat broke.

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