Tisg has received 11 non-binding purchase offers

The Italian Sea Group has received 11 non-binding offers as part of the first phase of the tender process aimed at identifying potential investors for the company’s restructuring. The group, which specialises in the construction of large luxury yachts, has announced that these are “11 non-binding offers relating to transactions structured as both asset deals and share deals”; and that they are “currently being assessed by the company’s advisers”.

A company statement explains that the competitive process “will now move on to the second phase, to which candidates will be admitted on the basis of the bids received; this phase will include, amongst other things, a more in-depth due diligence process, with a view to receiving binding bids by 15 October 2026”.

The Tisg statement concludes by stating that “the identities of the participating parties and the content of the bids will be kept confidential, for reasons of confidentiality and in order to ensure the smooth running of the discussions and the ongoing proceedings”.

One of the parties taking part in the expression of interest is the Sanlorenzo Group, whose owner, Massimo Perotti, stated a few days ago that the company will definitely submit a binding bid on 15 October for the entire Tisg. Another non-binding expression of interest, again for the entire shipyard, has been submitted by Giulio Gallazzi, through Sri Global, together with Bernardo Vacchi, via Finvacchi. Other parties interested in acquiring assets of the company or the entire group (though it is not certain that all of them have submitted a bid) include Azimut Benetti, the Ferretti Group, the Palumbo Group, Baglietto, Blackstone, via Safe Harbor, as well as Tisg – Asia Investment Holding (formerly Tisg’s distributor in the Asian market, no longer doing business with the Italian shipyard), with financial backing from the TGG Group.