Sunrise Yachts said in a statement that the Hong Kong-based Diamond Living Private Investment Fund plans to acquire a controlling interest in the company for its “second phase” of development. Sunrise Yachts is a shipyard in Turkey that was launched in 2007 by European owners.

“It is our view that Sunrise represents a good recognised brand and that the company can deliver high-quality yachts at an appealing price,” said Wes Medford, managing director of Diamond Living. “We have discussed with Sunrise the opportunity for us to step in as a strategic investor with a goal to assist them in their growth ambitions as well as increase their sales spectrum due to our strong positioning on the Asian market.”

Sunrise has built several noteworthy superyachts, including the 63m motoryacht Irimari, launched earlier this year.

Guillaume Roché, Sunrise Yachts’ co-founder, said Diamond Living was the “ideal strategic” partner. “It will provide a strong stable base for Sunrise and allow us to offer total security and comfort to our clients,” Roché, who will remain as CEO, said in the statement. “Also this partnership will provide us with the ability to develop our own niche projects to speculate on the market.”

The statement said that the agreement should be completed by the middle of January. Further announcements about the shipyard’s long-term plans will be made.