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People: Issue Issue 12 3 Jun 2010

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Acquisitions, People, Stagecoach, All of UK

Stagecoach's Souter makes £9.5m investment in yacht firm

Stagecoach chief executive Brian Souter has made a £9.5m personal investment in luxury yacht manufacturer Sunseeker International.

The group's founder is amongst a consortium of UK and Irish investors that have acquired a majority £25m stake in the Poole-based firm.

Dublin-based investment house FL Partners has handled the deal which will allow Sunseeker to recapitalise its business and expand its manufacturing capacity.

When asked about Souter's involvement, a spokesman for...

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