25 April 2015
Park Partners Ltd has been announced the winner of the Energy Cross Border M&A Deal of the Year at the 7th International M&A Awards, for the sale of Global Marine Systems Limited (“Global Marine”).
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.
“The sale of Global Marine was a complex transaction involving a business with marine and subsea assets, a global presence, overseas joint ventures and operations in several end markets. Park Partners was able to assist the buyers to understand the opportunity and recognise the full value of the company. We are delighted that the management team’s and our efforts have been acknowledged by this award.” said Jon Howells, Managing Director. “We are seeing significant activity in the offshore sector which is expected to continue throughout 2015.”