Dutch yard Moonen Yachts has been declared bankrupt by a Dutch court just weeks after it announced it was preparing to partner with a pivotal new investor.
According to IBI reports, talks between the yard and investor are “serious and continuing” despite the bankruptcy ruling.
While Moonen has not named the prospective investor it previously hinted that the individual is “familiar with the industry” and would bring “an international background of global business.”
The main result of the partnership, should it still go ahead, would be a significant increase in the number of yachts built by the yard each year, as well as “strengthening” Moonen’s the market position to secure “sustainable future growth.”
“The new investor is driven by passion about yacht building and interested in the profound reputation of North European yacht building,” the yard previously said in a statement.
Chief executive of Moonen, Johan Dubbelman, said at the time of the announcement: “I see the cooperation with the proposed investor as a very positive development and a perfect opportunity to expand.
“By teaming up with this reputable investor, we can secure future growth, not in length – as we remain in the 30 to 50 metre segment – but in numbers.”