In a major transatlantic joint enterprise, UK-based merchant banking group Salamanca has teamed up with Rybovich in West Palm Beach, Florida, (US) to form OneOcean Ventures.
OneOcean aims to become the pre-eminent provider of services and facilities to the upper end of the superyacht industry and a trusted advisor to yacht owners.
Salamanca already owns Marina Port Vell in Barcelona and as part of this new venture the group will take undefined stakes in both Rybovich and MB92.
Registered in the UK, OneOcean Ventures’s owners are Salamanca and the US-based Huizenga Rybovich family. Rybovich are founders of three Fortune 500 companies and six businesses listed on the New York Stock Exchange.
Commenting on the formation, Martin Bellamy, chairman of both Salamanca Group and OneOcean Ventures, said: “I am confident that OneOcean will have a positive impact on the industry and that our commitment to serve the owners is a well-placed strategy.
“I am delighted to be working with the Huizenga family. Together, I believe that we have the skills and drive to create one of the most exciting and dynamic businesses in the sector. I see very real value in assembling a company that is able to provide services and also owns and controls considerable assets.
“In time I can see all three entities becoming one,” Bellamy said, although he was not able to give a time-scale on this or the amount of investment going into the new venture.
As part of the venture Salamanca is also setting up a new private wealth advisory office in Monaco to be led by Luc Khaldoun.
The scope of OneOcean is very wide, taking in marine operations such as service and maintenance, refit, marina dockage and project management, along with facilities including marinas, restaurants, private members clubs, hotels and residential real estate.
The client advisory service will cover acquisitions and disposals, insurance introductions, project management, advisory and a range of private office skills and capabilities for Salamanca Group clients.
Wayne Huizenga, Jr. comments: “Working with Salamanca Group creates a great opportunity for our customers, employees, subcontractors, vendors and other stakeholders. Salamanca Group has vast experience in delivering trusted services to high net worth individuals through their private office. These capabilities, combined with our knowledge in the superyacht industry, provide an exciting platform from which to build OneOcean.”