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New Deal


Announced

Completed

Rimorchiatori Mediterranei completed the acquisition of a 49% stake in KST and Maju from Boskalis and Keppel for $91m.

Financials

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Transaction Value£68m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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towing

Acquisition

Single Bidder

Singapore

Cross Border

Private

shipping services

Friendly

Majority

Malaysia

Marine Transportation

Completed

Synopsis

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Rimorchiatori Mediterranei, a harbour towage operator, completed the acquisition of a 49% stake in towage and shipping services providers KST and Maju from business conglomerates Boskalis and Keppel, for $91m. The agreement is subject to approval from the regulatory agencies in Singapore and the transaction is expected to close in the first half of 2022.

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