Princess Yachts International is one of the leading motor yacht builders in Europe and one of the largest boat builders in the UK, focussed on the mid to large-size yacht market. On May 30th, 2008, a definitive agreement was signed relating to the acquisition of the company by Cobepa alongside L Capital, LVMH and Groupe Arnault. As a result of this transaction, Cobepa now owns a 22% stake.