CLIPPER VENTURES HAS ACQUIRED THE HAMBLE SCHOOL OF YACHTING
The announcement follows the setting up of Clipper China, Clipper Ventures’ Chinese sail training division aimed to meet the country’s growing participation in offshore sailing.
“The decision to buy the Hamble School of Yachting is part of a wider strategy to develop our offering within the offshore sailing industry,” said Clipper Race chairman and co-founder Sir Robin Knox-Johnston.
“Clipper Ventures is the world’s leading provider of offshore sail training and Hamble School of Yachting is one of the RYA’s leading sail training schools in the UK which makes us a strong match.”
Chris Rushton, Hamble School of Yachting principal, added: “The Hamble School of Yachting is well established in the UK sail training industry but to link up with Clipper Ventures and be able to share our commitment to increasing sailing participation and top-class standards on a truly global level makes this a very exciting move, especially given the growing opportunities to lead the industry in China.”
CANAL & RIVER TRUST FINALISES SALE OF BWML
The Canal & River Trust has finalised the sale of its wholly-owned marina subsidiary, BWML, in a transaction that sees Lloyds Development Capital (LDC) invest in the business, supporting the existing management team.
Stuart Mills, Chief Investment Officer at the Canal & River Trust, says: “We are delighted to have completed the sale of BWML and will be investing the proceeds into other income-generating assets to support our core work of caring for the nation’s canals and rivers.
“BWML is performing well and we believe its prospects for future growth are good. Coupled with the expertise of LDC we believe the business will benefit and, by extension, its boating customers will too.”
Chris Wright, Director at LDC in the South, said: “We are excited to be able to provide the investment to support BWML’s management team in growing this established brand in order to enrich the experience of its marina users. With our support, management will focus on delivering improvements across the marina sites and add new locations to further strengthen its brand and market position.”
10 | The Report • March 2019 • Issue 87
Marine News
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