In terms of regulation 5(4) of the Control of Concentrations Regulations, 2002 published in Legal Notice 294 of 2002, the Director General of the Office for Competition notifies for general information that a notification of a concentration between KPS Capital Partners, LP (New York, United States of America) and Princess Yachts (Holdings) Limited (Devon, England), was filed on Wednesday, 15 February 2023.

The nature of the concentration is an acquisition of Princess Yachts (Holdings) Limited by KPS Capital Partners, LP.

KPS Capital Partners, LP (the “Acquirer”) through its affiliated management entities, is the manager of a family of investment funds. It makes controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare, luxury products, automotive parts, capital equipment and general manufacturing. Princess Yachts (Holdings) Limited (the “Target”) is a holding company owning 100% shares in its subsidiary, Princess Yachts Limited, which is a UK based luxury motor yacht manufacturer. In Malta, the Acquirer mainly generates income from a company involved in the extruded aluminium profiles and related value-added services, while the Target is involved with one third party relating to the supply of luxury yachts.

The Director General of the Office for Competition invites interested third parties to submit their written objections on this notified concentration within seven days following publication of this notice at the following address:

Malta Competition and Consumer Affairs Authority

Office for Competition

Mizzi House

Triq Nazzjonali

Blata l-Bajda, HMR 9010

Malta

or competition@mccaa.org.mt