Superyacht bondage?
M/Y ‘The Highlander’ owner and CEO of Spyker cars, Victor Muller, unveils his new corporate financing initiative available for his new Spyker B6 Venator model. Could a similar option prove viable in the superyacht industry?
Announced this week, the newly established Spyker Venator Bond will offer individual investors three redemption options to help finance their own Spyker B6 Venators. There will be 100 such bonds available at the per-bond subscription of £100,000, delivering a unique chassis number, ensuring the holder a first-edition car with special colour schemes and badging.
A second Spyker Bond will be on offer with the aim of raising up to £15 million in capital to fund production company expansion to meet the unexpectedly high demand for the new B6 Venator. The Central Markets Investment Management Limited, part of the Central Markets Group, who is working with Muller, are a London-based financial services provider with a range of services for high net worth individuals and corporations. The Group’s services range from investments in alternatives, brokerage and foreign exchange, with the MD commenting “when we looked at what Spyker wanted to achieve with their capital raising and what they had on offer, we saw a very unique opportunity to create something out of the ordinary from the typical corporate bond offering”.
Muller commented on the collaboration: “I wanted to give like-minded drivers who demand the highest standards a new choice, one that delivers a rare combination of heritage, design, performance and exclusivity … with the Spyker Venator Bond, like-minded investors can take part in a first-of-its-kind financial opportunity”. When commenting to SuperyachtNews.com on the validity of such a bond being used in the superyacht industry, Muller commented “the market for bonds is very active right now so I am sure that it could work in the yachting industry as well”.
Muller purchased the classic Feadship M/Y The Highlander in 2007 and is also the founding Chairman of the Feadship Heritage Fleet.
A second Spyker Bond will be on offer with the aim of raising up to £15 million in capital to fund production company expansion to meet the unexpectedly high demand for the new B6 Venator. The Central Markets Investment Management Limited, part of the Central Markets Group, who is working with Muller, are a London-based financial services provider with a range of services for high net worth individuals and corporations. The Group’s services range from investments in alternatives, brokerage and foreign exchange, with the MD commenting “when we looked at what Spyker wanted to achieve with their capital raising and what they had on offer, we saw a very unique opportunity to create something out of the ordinary from the typical corporate bond offering”.
The Spyker B6 Venator
Muller commented on the collaboration: “I wanted to give like-minded drivers who demand the highest standards a new choice, one that delivers a rare combination of heritage, design, performance and exclusivity … with the Spyker Venator Bond, like-minded investors can take part in a first-of-its-kind financial opportunity”. When commenting to SuperyachtNews.com on the validity of such a bond being used in the superyacht industry, Muller commented “the market for bonds is very active right now so I am sure that it could work in the yachting industry as well”.
Victor Muller at the 2013 Global Superyacht Forum
with Martin Redmayne and Henk de Vries
with Martin Redmayne and Henk de Vries
Muller purchased the classic Feadship M/Y The Highlander in 2007 and is also the founding Chairman of the Feadship Heritage Fleet.
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