Farr Yacht News

The new 7m (23ft) trailerable, one-design sport sailing boat, 'B/One' was built by Bavaria Yachts in Giebelstadt, Germany. Bavaria asked Farr Yacht Design for an economical one-design that would impress advanced sailors with excellent performance, yet be easy to handle and operate for the weekend sailor and his/her family. Farr Yacht Design, the designers of the B/One, have met these requirements with a technologically advanced hull shape developed from the Volvo Open 70 and Farr 400, an easy to use sailplan, and interior features you would expect to find on a boat 3 feet longer.

Bavaria Vision 46 named Cruising World’s 2013 'Boat of the Year' in the competitive full-size cruising class. The first of Bavaria’s recently launched Vision Series, the all new 46 caught the eye of Cruising World’s panel of judges because it "more than met its stated objective (of being) the ultimate ‘couple’s’ cruiser, easy to sail and operate and possessing lavish appointments and accoutrements.” Furthermore the judges praised the Vision 46’s “easily driven hull and notable sailing characteristics.

Bavaria Yachtbau GmbH announced that Anchorage Advisors, L.L.C. and Oaktree Capital Management ), who collectively control approximately 95 percent of Bavaria's $1,403m debt facilities, have signed a binding agreement to restructure the company's balance sheet. The restructuring will create an industry leading balance sheet through a capital injection of $80.4m in cash and the write-down of over 90 percent of the senior and junior debt tranches. Anchorage and Oaktree have been working collaboratively with Bain Capital. Both Anchorage and Oaktree have been lenders to Bavaria for over a year, and support the strategic plan developed by the management team and Bain.