MAG Offshore completed the acquisition of 20-vessel OSV fleet from Atlantic Navigation.

MAG Offshore, a tripartite multi-jurisdictional joint venture amongst MAAS Capital, Goldenport Group and Allianz Marine Services, completed the acquisition of 20-vessel OSV fleet from Atlantic Navigation, a Singapore-listed offshore support vessel operator. Financial terms were not disclosed. This transaction was successfully executed with the strong support of the shareholders of ANHSL. With Alantra’s help, we concluded the transaction with MAG Offshore, which, in our view, is a high-quality consortium made up of financial and strategic investors. We are very pleased with the advice we received from Alantra throughout the process and their meticulous work in getting this across the finish line,” Bill Wong, AN CEO.