General Atlantic and CPP Investments back Boats Group as Permira retains minority stake

General Atlantic and CPP Investments have agreed to acquire stakes in Boats Group, joining Permira as shareholders in the global operator of online marketplaces for boats and yachts.

Permira, which backed Boats Group for the past five years, has partially realised its position but will remain a significant minority investor.

The Miami-based company operates Boat Trader, YachtWorld, and boats.com, and has grown into one of the most established digital marketplaces in the marine sector.

Boats Group has accelerated its technology develo…