Sanlorenzo and Mike Simpson sign a Memorandum of Understanding
by Sanlorenzo 12 Apr 2023 21:02 PDT
Massimo Perotti, Chairman, CEO © Daniele Barraco
Sanlorenzo and Mike Simpson sign a Memorandum of Understanding to evaluate the possible entry of Sanlorenzo as majority shareholder in the Simpson Marine group and other affiliated companies.
Sanlorenzo S.p.A. ("Sanlorenzo" or the "Company") announces that it has signed a non-binding Memorandum of Understanding with Mike Simpson to evaluate the Company's entry into the Simpson Marine Group and other affiliated companies.
Simpson Marine has been operating for forty years as a major yacht sales and service company throughout the APAC territory.
The acquisition transaction, if realised, will allow Sanlorenzo to increase its direct presence in a strategically important territory such as APAC, maintaining and developing the expertise and experience gained over the years by Simpson Marine and thus making available to Sanlorenzo a wealth of excellence and highly specialised know-how. The law firm Musumeci, Altara, Desana e Associati assisted Sanlorenzo with the negotiation of contractual aspects, and the firm Howse Williams assisted Mike Simpson.
www.sanlorenzoyacht.com.