Falcon Tenders secures multi-million-pound investment
The Southampton-based superyacht tender builder has secured a substantial investment from a British-led consortium…
Falcon Tenders has received an undisclosed multi-million-pound investment from the British consortium, the LNT Group. The company will use the funds to facilitate the purchase of a new construction site, expand its team and acquire new tools and technologies.
“It's a multi-million-pound investment that secures Falcon Tenders for the next decade, if not longer,” Mark Pascoe, Founder, Falcon Tenders tells SYN. “It’s really exciting to be able to welcome a new investor into the Falcon family, especially one who shares our enthusiasm for speed, craftsmanship and design.”
Southampton-based Falcon Tenders launched operations in March 2021 headed up by Pascoe and Dean Stoneman, a former F2 Champion and F1 test driver and P1 Powerboat Champion. Previously a Class-1 offshore racer himself, Pascoe ran various race teams, including the Lamborghini team.
Pascoe says that the sizable investment from the LNT Group, a group of companies owned by serial entrepreneur and former champion race car driver, Lawrence Tomlinson, will enable Falcon Tenders to accelerate the delivery of its business strategy and foster growth in the coming years.
Based in Yorkshire, the LNT Group encompasses five core businesses across a range of sectors sectors, including care homes, chemicals and car manufacturing.
“Lawrence Tomlinson is a visionary entrepreneur who supports our long-term strategy to steadily grow the business,” adds Pascoe. “To keep up with demand and fulfil our existing and future orders, we require new premises and a larger skilled workforce. The investment from LNT couldn't have come at a better time.”
Falcon Tenders will be exhibiting at the Monaco Yacht Show next week at QA31 & Berth A10, Quai Antoine 1er.
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