FE Partners, LLC, is a Washington, D.C. based investment firm that provides funding to preserve and maintain assets with significant value and importance to the history of the United States. It is a joint-venture between Equator Group Holdings, LLC, a member of the Equator Capital Group of companies and the Timblo family, prominent members of the business community in Goa, India, who have deep ties with the Unites States and a keen appreciation of American history.
FE Partners is currently targeting historically significant antique vessels and is a unique source of capital to fund the maintenance, operations, and restoration of yachts and certain commercial and decommissioned Naval vessels that might otherwise fall into disrepair, be dismantled or removed from U.S. waters.
During the summer of 2012, FE Partners made an investment in the former U.S. presidential yacht Sequoia, a magnificent vessel built in 1925 which served every American president from Herbert Hoover through Gerald Ford. We were disappointed that the Sequoia transaction resulted in litigation but pleased with the results of that litigation.
During September 2013, the Delaware Chancery Court found that the Sequoia’s owner had fraudulently induced FE Partners to enter into the transaction, granted FE Partners’ Motion for Default Judgment, and appointed an Independent Counsel to identify undisclosed liabilities and clear the vessel’s title so that FE Partners can close on the purchase of the Sequoia. We at FE Partners look forward to consummating this transaction and doing our part to preserve and restore the Sequoia so that future generations of Americans will be able to enjoy the storied past of this magnificent vessel.
FE Partners LLC