London, 10 October, 2018
Park Partners Ltd, the independent corporate finance firm, has advised Braemar Shipping Services plc (“Braemar”) on the disposal of its incident response business, Braemar Response Ltd (“Braemar Response”).Braemar, the leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, divested the business in line with its previously announced strategy, to Grupo Ambipar (“Ambipar”), the integrated environmental solutions company.
Commenting on the transaction, James Kidwell, CEO of Braemar, said:
“We are delighted to have found an excellent home for Braemar Response in Grupo Ambipar. The disposal allows Braemar to focus on delivering its strategy for its core consultancy and professional services.”
Jon Howells, Managing Director at Park Partners said:
“This is an excellent deal for both parties and Grupo Ambipar will be the ideal partner in supporting Braemar Response to continue to provide high quality solutions to its clients.”
“We are pleased to have worked with Braemar on this divestment and to have helped provide the management and employees of Braemar Response with secure and exciting future prospects.”
Jon Howells, Ed Matthews & Sven Garås advised Braemar Shipping Services 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
Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 750 people, post this transaction, in more than 60 locations worldwide across its Shipbroking, Financial Technical and Logistics divisions.
Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS. For more information, visit www.braemar.com.
Braemar Response Ltd
Braemar Response Ltd was part of Braemar’s Technical Services division and is an environmental consultancy, contracting and training service provider in the marine, oil & gas, road and rail industries. For more information, visit www.braemartechnical.com/services/response/
Ambipar Group, founded in 1929 and headquartered in Nova Odessa, Brazil, offers complete and integrated environmental solutions, employing more than 3,000 people. Comprised of seven companies, it leverages its capabilities in logistics, onshore and offshore emergency response, residue management and product development offering services to more than 2,000 clients. Among the Group companies is Suatrans, a Latin American leader in hazmat emergency response, with a track record of more than 30,000 emergencies responded and 100,000 people trained. For more information, visit www.grupoambipar.com.br