Course change at Clipper Ventures as owners raise flag on company sale

The owners of Clipper Ventures will stop running day-to-day operations as they look to put the company up for sale.

Founded in 1995, Clipper Ventures is the organization behind the Clipper Round the World Yacht Race, one of the most famous amateur sailing competitions in the world.

The race restarted in March after a two-year hiatus due to the pandemic, with the 13th edition set to take place next year.

“We are immensely proud of what the organization has accomplished to support the growth of yachting participation, whether through our 12 editions of the Clipper Round the World Yacht Race, sailing events, sailing school or expedition teams” said co-founder William Ward. .

Ward will become executive chairman, while co-founder Sir Robin Knox-Johnston will take over as non-executive director and chairman as they seek to exit their holdings.

Sir Robin and Ward approached FRP Corporate Finance to help them find a new home for their business.

“With the support of FRP Corporate Finance, Sir Robin and I are looking for a Custodian who shares our passion for sailing and adventure to take over the property, build on the legacy of the organization and lead Clipper Ventures into the future,” Ward added. .

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