Investment Summary

Aurora Resurgence Exits Gener8 Maritime

On May 22, 2015, invested in transportation company Gener8 Maritime from Aurora Resurgence

Investment Highlights
  • This is transaction in the Transportation sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • Gener8 Maritime was sold to a strategic buyer in 2017.

Investment Summary

Date 2015-05-22
Target Gener8 Maritime
Sector Transportation
Sellers(s) Aurora Resurgence
Deal Type IPO

Target

Gener8 Maritime

New York, New York, United States
Gener8 Maritime, Inc. is a transportation provider of seaborne crude oil and petroleum products. The Company owns and operates one of the world’s largest and most diverse fleets of tankers, serving a client base consisting of the world’s major oil companies. Gener8 Maritime employs a highly-experienced executive team that has proven adept at navigating global macro cycles, effectuating tight quality and cost control and employing focused marketing efforts resulting in consistent returns delivered to investors.

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Seller(S) 1

SELLER

Aurora Resurgence

Investor Investor


Category Distressed Investor
Founded 1991
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 10
Sector: Transportation M&A 1 of 2
Type: IPO M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-04 Pyrex

Chateauroux, France

Pyrex is a manufacturer and distributor of glassware and cookware for domestic and professional use. The Company offers a range of heat-resistant glass and metal products including oven dishes, bakeware, pots, pans, and food storage containers for cooking, baking, and meal preparation. Pyrex was founded in 1915 and is based in Chateauroux, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Cardiac Science

Waukesha, Wisconsin, United States

Cardiac Science Corp. is a developer, manufacturer, and marketer of advanced diagnostic and therapeutic cardiology devices and systems, including automated external defibrillators (AEDs), electrocardiograph devices (ECGs), cardiac stress systems and treadmills, Holter monitoring systems, hospital defibrillators, cardiac rehabilitation telemetry systems, and cardiology data management systems (informatics) that connect with hospital information (HIS), electronic medical record (EMR), and other information systems. Cardiac Science Corp. was founded in 1913 and is based in Waukesha, Wisconsin.

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