Pershing 90 recieves it's medal

Pershing won the Performance Luxury Yacht 2007 a result of the “Best of the Best” opinion poll conducted by the important Chinese finance and lifestyle magazine, “The Hurun Report”.

The Best of the Best is the most important and authoritative opinion poll that the “The Hurun Report” editorial staff have conducted for the second year running in order to establish a realistic picture of the lifestyle and shopping habits of the people at the top of the Chinese economy.

The Pershing 90’ is yet another example of the boatyard’s ability to meet the demands of the highest segment in the market
Fabio Fraternale, CEO

Two new, even more powerful MTU 2400 hp engines coupled with new Arneson (ASD 16L) drives, specifically designed to enhance the power of Pershing’s new gem have been fitted. The Pershing 90’s maximum speed is 44 knots, with a cruising speed of approximately 38 knots.

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Fairline tries the custom market

Fairline to make custom version of Squadron 78. In 2007 the Fairline flagship will change to incorporate an integral hydraulic powered hi/low bathing platform and full beam crew cabin, extending the overall length of the boat and replacing the current Squadron 74 custom.

The new Squadron 78 CUSTOM will become the largest yacht in the Fairline line up, which ranges from 38ft to 78ft and, like all Fairline's Squadron's since the launch of the very first in 1991, the Squadron 62, the yacht promises to be what a luxury performance motor yacht should be.

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Honda Powerboat Series ready for 2007

Honda Formula 4-Stroke and Team Raymarine’s Shelley Jory woke up with Wogan this week to help raise a spectacular £146,000 for BBC Children in Need As part of the BBC’s annual Children In Need charity auction, listeners of BBC Radio 2's ‘Wake up to Wogan’ were offered the chance to bid for an exclusive day’s training with 2005 British Champions and only all-girl UK powerboat team, Shelley Jory and Libby Keir of Team Raymarine. Also included in the donation were VIP hospitality and the chance to join Honda in the official start boat for one round of the 2007 Honda Formula 4-stroke Powerboat Series – the largest off-shore powerboat fleet in the world.

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Candover gets a fistful of brands with Ferretti Group

Just weeks after announcing respectable end of year sales figures, Candover has taken a majority stake in the Ferretti Group in what will be a £1.14 Billion Pound deal. With weeks of the release of last years annual figures where by reducing net borrowings by 90 Million Euros and an 18% gain in sales figures to 770.4 million Euros, Ferretti was a more attractive takeover prospect.

Majority equity funding is being provided by the Candover 2005 Fund (approximately with Permira Funds, Norberto Ferretti, Chairman, and his management team remaining 40%. The acquisition is conditional upon EU antitrust approvals and complete by the end of 2006. This is the fifth investment to be made from the 3.5bn Candover 2005 Fund investment by Candover’s Italian office which opened in September 2006. Little immediate change to the fistful of brands Candover now has a majority stake.

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