Norberto Ferretti and his management team increase the stake in the

capital to 40%.

Candover acquires a majority stake in Ferretti S.p.A. from Permira Funds

which has retained a share Forlì, 24th January 2007.

Norberto Ferretti, Ferretti Group Chairman and founder, and his seasoned, unified management team have increased the stake in Ferretti S.p.A. capital to 40%. Ferretti S.p.a. is parent company of the Ferretti Group, o­ne of the top companies in the world within the sphere of designing and manufacturing luxury motor yachts.

Candover, an English private equity house and European leader specialising in arranging and leading buyouts, has concluded the acquisition of a majority stake in Ferretti S.p.A. from Permira which has retained a share in the Group’s capital.

The Ferretti Group is o­ne of the most significant examples of Italian success in the world. Norberto Ferretti, together with his large, close-knit management team, has carried out a development strategy which has led to Ferretti Group’s continuous expansion. Over the past three years, its Value of Production has increased by internal growth at a 23% CAGR. The Group closed the nautical year o­n 31st August 2006 registering a Value of Production of 770.4 million Euros (compared to 652.9 million Euros registered the previous financial year) due to both the growth of the traditional brands in the book order, such as Ferretti Yachts, Riva and Pershing, and the new product lines introduced, namely Mochi Craft and Maestro (Apreamare), the relaunch of the Itama brand and CRN’s excellent performance in the steel megayacht segment.