Azimut Benetti Group takes full control of Fraser
Strengthening its leadership in South Europe
Azimut|Benetti Group has acquired the remaining share capital from V.Ships, a minority shareholder of Fraser for many years, thus leading the Group’s stake in Fraser from 83% to 100% of the share capital. This acquisition is a key step in the Azimut|Benetti Group’s development and expansion strategy. Fraser Group is the world’s largest provider of consulting services for yacht and superyacht ranging from Sales, Charter Retail, Charter Management, Yacht Management to Crew Placement.
Fraser buys and sells over 50 super yachts a year, for a counter value of more than half a billion euro, and holds about 15% worldwide market share, which makes it the market leader. The Group manages directly 120 superyachts, some of them considerably large, with dozens of crew members. It operates around the world with direct offices in Munich, Fort Lauderdale, San Diego, Seattle, London, Palma, Bodrum, Doha, Dubai, Kuwait, Singapore and Sydney. In this context, Azimut|Benetti’s operation will allow Fraser to continue the growth trend that has been going on for years and has led the company to a leading position in the industry. To this end, new offices have already been set up in New York and Hong Kong.