Latham & Watkins Advises Permira in Sale of Majority Stake in Boats Group
Boats Group (the Company), a global provider of online marketplaces for boats and yachts, announced a strategic growth investment from General Atlantic, a leading global investor, and Canada Pension Plan Investment Board. As part of the transaction, funds advised by existing investor Permira have partially realized their investment in Boats Group and will retain a significant minority shareholding, continuing its successful partnership with the Company. The transaction is expected to close in H1 2026, subject to customary closing conditions.
Latham & Watkins LLP represents Permira in the transaction with a corporate deal team led by Washington, D.C. partners Brian Mangino and Elizabeth More, New York partner Amber Banks, and New York counsel Jessica Pisani, with associates Katelyn Hughes, Gabe Marx, Sean Kim, and Kiley Burns. Advice was also provided on UK corporate matters by London partner Neil Campbell, with associates Alexander Nagorny and Natalie Lam;* on French corporate matters by Paris partners Alexander Crosthwaite and Matthias Rubner; on foreign direct investment matters by Hamburg partner Jana Dammann de Chapto and Brussels counsel Philipp Studt; on litigation matters by New York partner Lawrence Buterman and Washington, D.C. partner Anna Rathbun; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Caroline Toman Lammon and Daniel Donovan; on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown, with associate Stuart Cobb; on anti-corruption matters by Washington, D.C. partner Kevin Chambers; on compensation and benefits matters by Washington, D.C. partner David Della Rocca and Bay Area partner James Robinson, with associates Bryce Groce and Christina Schrantz; on real estate matters by New York partner Dara Denberg, with associate Thomas Ficchi; on regulatory matters by Washington, D.C./Los Angeles partner Paul Rosen and Washington, D.C. counsel Ruchi Gill, with associate Thomas Lane; and on environmental matters by New York counsel David Langer.
*Admitted to practice in Hong Kong only.