24 March 2015
Park Partners Ltd has been short-listed as a finalist in the Cross Border M&A Deal of the Year ($250m – $500m) category at the 7th International M&A Awards, for the sale of Global Marine Systems Limited (“Global Marine”). The winner will be announced on Tuesday, April 28th in New York.
Park Partners Ltd advised Bridgehouse Marine Limited, the parent holding company of Global Marine, the world’s most experienced undersea cable installation and maintenance services provider, on its $260m sale to HC2 Holdings, Inc. (“HC2” (OTCQB: HCHC)) in Q3 2014.
“We are delighted that our role in presenting Global Marine’s diversified and complex offshore engineering business to potential buyers and successfully executing and completing the sale of the company to HC2 is recognised by this nomination.” said Jon Howells, Managing Director. “We continue to be involved in the offshore services sector where we expect further activity going forward.”