London, 23 September, 2019
Park Partners Ltd, the independent corporate finance firm, has advised AURELIUS Finance Company (“AURELIUS”) on providing financing to support the buy-out of Ardent Holdings Ltd (“Ardent”), a global emergency management and offshore decommissioning company, from its co-owners Svitzer and Crowley.
The deal will see Ardent’s senior management team acquire a shareholding in the company. The financial terms of the deal have not been disclosed and closing is subject to approval by the German anti-trust authorities.
Ardent’s CEO, Peter Pietka, will continue to lead the company with the same team, assets and growth plan. The company will also continue to cooperate with Svitzer and Crowley on unchanged terms.
Commenting on the transaction, Karun Dhir, Managing Director of AURELIUS, said:
“We are delighted to partner with Peter and the rest of the management team to support Ardent as it continues to develop its offering in a growing and high-potential market. We are grateful for the advice and support which Park Partners has provided us during this complex transaction”
Ed Matthews, Director at Park Partners said:
“This is an excellent deal for all parties and AURELIUS will be the ideal partner in supporting Ardent to continue to provide high quality solutions to its clients. We are pleased to have worked with AURELIUS and to have helped provide the management and employees of Ardent with an exciting opportunity to continue the growth of the business.”
Jon Howells, Ed Matthews & Sven Garås advised AURELIUS Finance Company on the transaction.
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