Torbay Lawyer Sets Sail in International Waters

Summary

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I t WAS the deal every corporate lawyer in the Westcountry would love to have worked on - but it landed firmly in the lap of Torbay's top deal-maker, Cris Boyce. The pounds200 million sale of Plymouth- based Princess Yachts International to a firm run by Bernard Arnault, the 14th richest man in the world and richest man in France, was completed in July this year.

The deal saw Princess's parent company, The Renwick Group, bought by L Capital 2 FCPR, an investment group backed by LVMH - Louis Vuitton Mot Hennessy and Groupe Arnault. Both of these firms are controlled by Mr Arnault.

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Extract

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Torbay Lawyer Sets Sail in International Waters

Princess Yachts is the fifth largest employer in the South West, employing more than 1,800 people and achieving an annual turnover of around pounds200 million...

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