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Published 21 September 2021
Watch the ije video below and take the virtual tour at the bottom..
The owner has a dream build team, one that has built several yachts. Each is a remarkable achievement and IJE, it's safe to say, tops them all. She is a tour de force and the longest Benetti ever built.
The briefest glance will tell you that the beautifully balanced exterior lines bear the distinctive signature of sought-after star studio RWD. The owner's team worked very closely with them to perfect the look of decks seeming to float one above the other.
Inside she has wonderfully informal beach-house style, airy, welcoming and restful, which is perfect for a family yacht. Another stamp of excellence is expert naval architecture by PierLuigi Ausonio.
In the main saloon the full-height glass walls can slide back to open the space up. The difference that makes is hard to explain but it completely changes the environment.
Sound becomes softer and you can hear the sea, the air and light change to make it a shaded outside space. The entire experience is so much more restful. It's a break-through piece of design.
The main deck aft has a good-sized pool, open-air dining, a bar, several different lounge areas including a TV lounge - everything families need to spend the day together.
There's a fully equipped lower deck gym with one of the largest sea terraces I've seen on a yacht of this size, and opposite is the tender and toy garage, which is packed with the latest kit.
She has two 12m (40ft) tenders on the foredeck to take extended families ashore together. That longer length means they're faster, more comfortable, carry more people and equipment and have better range.
There are eleven cabins for 22 guests, including a private owner's deck with walkaround sidedecks and a bedroom suite with direct access to the foredeck helipad.
An elevator connects lower to bridge decks and there is corridor access from the lower deck lobby to the beach club so that all generations of the family can enjoy step-free time together.
There's a dedicated cinema, a very private nightclub complete with fully equipped bar, lighting and sound systems and DJ station, and a bridge deck games room with access to the aft deck's firepit lounge.
The main deck has a beauty treatment room and hair salon and a massage room equipped to double as a hospital. She has everything any family could want or need for extended cruising.
Right from the start, she was intended to be a world-cruising family yacht, one that could take the owner and their family cruising in any part of the world, places where the weather is not always reliable. To keep everyone on board comfortable, underway or at anchor, she has two sets of Naiad stabilisers.
In more and more locations anchoring is not allowed to protect reefs and seabeds so she has been fitted with a Rolls-Royce dynamic positioning system to hold position without having to anchor.
Operating in the Mediterranean, yachts are generally well catered for and there are plenty of diversions ashore. When you get off the beaten track, which IJE was designed and built to be able to do, the infrastructure can become indifferent, distances greater, comfort and entertainment on board more important.
IJE delivers the same seven-star experience anywhere in the world. She has always been professionally maintained and was designed to facilitate regular maintenance - another benefit of built-in experience. She is a remarkable achievement and her next owner will be the first to appreciate that.
To find out more about Burgess’ yachts for sale and yachts for charter , please contact a Burgess broker . Alternatively, get in touch with one of our offices directly: London , Monaco , New York , Miami , Singapore or all other locations .
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Investment will Accelerate Company’s Growth and Innovation
New York, NY (February 13, 2023) -- KPS Capital Partners, LP (“KPS”) announced today that it has entered into a definitive agreement to acquire a controlling equity interest in Princess Yachts (Holdings) Limited, (“Princess Yachts” or the “Company”), a leading global manufacturer of luxury motor yachts. Existing stockholders will retain ownership in the Company. Completion of the transaction is expected in the first quarter of 2023 and is subject to customary closing conditions and approvals.
Princess Yachts is a leading builder of luxury motor yachts and is recognized for its timeless design, hand-crafted quality and exceptional seakeeping. Headquartered in Plymouth, England, the Company’s unparalleled level of vertical integration – including on-site design, engineering and manufacturing – has helped position Princess Yachts as one of Britain’s most iconic luxury brands. Princess Yachts serves a global customer base through its best-in-class international dealer network. The Company has approximately 3,200 employees and operates five manufacturing facilities in Plymouth, England.
Ryan Harrison, a Partner of KPS Mid-Cap Investments, said, “We are excited to make this significant investment in Princess Yachts, a leading company in the luxury global yachting industry with an iconic brand grounded in British tradition, a remarkable and growing product range and worldwide reputation for quality and innovation. KPS’ investment will accelerate Princess’ growth trajectory and fund numerous investments for its future. We look forward to working with Princess’ existing stockholders, Chief Executive Officer Antony Sheriff, the senior leadership team and the talented employee base at Princess Yachts.”
Antony Sheriff, Chief Executive Officer of Princess Yachts, said, “We are thrilled to partner with KPS for this exciting new chapter for Princess Yachts. KPS and the Princess Yachts team are deeply committed to investing in the Company’s future while continuing to further strengthen our portfolio of best-in-class motor yachts. With a current order book nearing a record $1 billion and many model lines sold into 2025, we have never been in a stronger commercial position. Together with KPS’ tremendous track record of manufacturing excellence and investing in leading brands, we are now positioned to take Princess Yachts to the next level of industry leadership in quality and innovation. Under KPS’ ownership, we will accelerate a range of growth and operational initiatives to build upon our long and successful history.”
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS. Macquarie Capital and Latham & Watkins LLP served as financial advisor and legal counsel, respectively, to Princess Yachts.
About Princess Yachts
Princess Yachts is a leading builder of luxury motor yachts and is recognized for its timeless, understated design, unique craftsmanship and exceptional seakeeping. Headquartered in Plymouth, England, the Company’s unparalleled level of vertical integration – including on-site design, engineering and manufacturing – has helped position Princess Yachts as one of Britain’s most iconic luxury brands. Princess Yachts serves a global customer base through its best-in-class international dealer network. The Company has approximately 3,200 employees and operates five manufacturing facilities in Plymouth, England. For additional information, please visit www.princessyachts.com .
About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $21.8 billion of assets under management (as of June 30, 2024). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies generate aggregate annual revenues of approximately $19.3 billion, operate 219 manufacturing facilities in 26 countries, and have approximately 47,000 employees, directly and through joint ventures worldwide (as of June 30, 2024). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.
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