Ferretti has announced the acquisition of the remaining 25% of the share capital of Sea Lion. This follows its purchase of a 75% stake in the ‘Wally’ brand in April 2019.
With this transaction, Ferretti now holds 100% of Sea Lion’s share capital, thereby fully consolidating its ownership of the company that owns the “Wally” brand — currently one of the Group’s strategic brands and a recognised point of reference in the sailing and motor yachting sectors.
According to Ferretti, the decision was reached jointly, within the context of a relationship marked by mutual respect and close collaboration. This long-standing partnership has enabled the founder, Luca Bassani Antivari, to capitalise on the accomplishments achieved in the development and growth of the “Wally” brand.
Ferretti to continue the development of Wally
“I would like to thank Luca Bassani for the excellent work carried out together with the Ferretti Group, which has relaunched Wally as a global icon in both sailing and motor yachting. On behalf of the Group, I reaffirm our commitment to enhancing and further developing a top-tier brand that, through its innovation and prestige, stands as a remarkable player in the international nautical industry. You will be hearing more about Wally very soon,” concluded Alberto Galassi, Ferretti Group Chief Executive Officer.
“I am very pleased to have chosen the Ferretti Group to continue the development of Wally, a brand defined by innovation and elegance, to which I have dedicated so much work and passion,” commented Luca Bassani Antivari.
For Ferretti, the increased stake in Sea Lion represents a key step towards full control of the Wally brand, in line with the Group’s long-term strategy of enhancing high-potential assets.
The transaction has no material impact on the Group’s cash position and does not qualify as a related-party transaction under applicable regulations.
