London, 11th August, 2017
Park Partners Ltd, the independent corporate finance firm, has advised Graig Shipping PLC (“Graig”) on the divestment of Graig Ship Management (“GSM”) to V.Group, one of the world’s leading global maritime service providers.
Commenting on the transaction, Hugh Williams, Chief Executive of Graig Shipping PLC, said:
“This is an outstanding opportunity for Graig Ship Management to continue to grow as an independent brand within V.Group’s portfolio and to build on the reputation it has developed as a leading dry cargo services provider. Through this transaction, V.Group and Graig Shipping PLC will form a close, complementary partnership to provide integrated investment, ownership, ship management, and supervision services. We are grateful to Park Partners for the outstanding advice provided throughout the transaction.”
Jon Howells, Managing Director at Park Partners said:
“This is an excellent deal for both parties and V.Group will be the ideal partner in supporting GSM to continue to provide high quality solutions to its clients.”
“This transaction illustrates the value that can be delivered for both parties from consolidation in the shipping services market. We are pleased to have worked with Graig on this divestment and to have added another landmark transaction to our successful track record in the Shipping and the Maritime Services sectors.”
Jon Howells, Ed Matthews & Sven Garås advised Graig Shipping PLC on the transaction.
For more information please contact:
Tel: +44 20 3405 3296
Park Partners Ltd
Park Partners is an independent corporate finance firm providing the highest quality advice on M&A, capital raising, and restructuring. Based in London, it focuses on domestic and cross border transactions in the UK, Germany, Benelux, and Scandinavia and has particular experience in the shipping and maritime services, transportation & logistics, oil & gas, support services, retail, leisure and e-commerce sectors. For more information, visit www.parkpartnersltd.com.
Graig Shipping PLC
Graig Shipping PLC is a broad-based international ship owning and shipping services group delivering technical and commercial ship management, newbuilding supervision, expert consultancy, dry-dock management, ship inspections, lay-up services, ship design, ship owning and ship finance to global clients who appreciate personal service. For more information, visit www.graig.com.