His holding’s thriving health, the stock exchange profits and the possibility to provide guarantees to access bank credit allowed Giovanni Costantino to show up at the third bankruptcy auction to allocate Pierini Navi, on December 22nd 2021. He had what it took to obtain the historic yard for 80 million euros. Ferretti Group Sanlorenzo also took the field on their Restart, a new peer joint venture NewCo specifically founded to obtain the yard. Yet they didn’t make it. By acquiring Perini, TISG practically gained whatever belonged to them: assets and properties of the Viareggio and La Spezia yards, real estates in Pisa, brands and copyrights, the 100% social participation in Perini Navi USA and all pre-existing juridical relationship with workers and third parties.
Among these assets, a yacht under construction the previous management had been commissioned by Larry Ellison, order number 2369. Ellison, President of Oracle Corporation, already owns a 56-meter Perini.
In this interview, Giovanni Costantino illustrates all reasons that led him to take over the historic sail-specialized yard and
