The Bremen entrepreneurs Peter and Friedrich Lürssen have long kept quiet about their business of selling luxury mega-yachts to the world’s super rich.
With their most recent deal, however, the two cousins who head the Lürssen shipyard will no longer be able to avoid the limelight. The family company is taking over the Blohm + Voss shipyard, whose floating dock on the Elbe River is one of Hamburg’s landmarks.
British private equity firm Star Capital Partners originally demanded around €60 million, sources say. After tough negotiations, the purchase price is said to be in the mid double-digit millions.