M&A Deal Summary

Borealis Maritime and Embarcadero Maritime Acquire Hanseatic Ship Asset Management

On July 23, 2015, Borealis Maritime and Embarcadero Maritime acquired marine company Hanseatic Ship Asset Management from Commerzbank for 255M USD

Acquisition Highlights
  • This is Borealis Maritime’s 2nd and Embarcadero Maritime’s 1st transaction in the Marine sector.
  • This is Borealis Maritime’s and Embarcadero Maritime’s largest (disclosed) transaction.
  • This is Borealis Maritime’s 1st and Embarcadero Maritime’s 1st transaction in Germany.

M&A Deal Summary
Date 2015-07-23
Target Hanseatic Ship Asset Management
Sector Marine
Buyer(s) Borealis Maritime
Embarcadero Maritime
Sellers(s) Commerzbank
Deal Type Divestiture
Deal Value 255M USD

Target

Hanseatic Ship Asset Management

Hamburg, Germany
Hanseatic Ship Asset Management GmbH controls a modern fleet of 13 mid-size container vessels and 5 mid-size dry bulk vessels. Hanseatic Ship Asset Management was formed in 2013 and is based in Hamburg, Germany.

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Buyer(S) 2

Buyer

Borealis Maritime

London, United Kingdom
Category Company
Sector Marine
DESCRIPTION

Borealis Maritime Ltd provides a comprehensive range of integrated services associated with the management of maritime assets, both for private and institutional investors.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 2 of 2
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Embarcadero Maritime

New York, New York, United States

Embarcadero Maritime is a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets. Embarcadero Maritime is based in New York.

Buy -
Buyer

Embarcadero Maritime

New York, New York, United States
Category Company
Sector Marine
DESCRIPTION

Embarcadero Maritime is a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets. Embarcadero Maritime is based in New York.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Commerzbank

Frankfurt, Germany
Category Company
Founded 1870
Sector Financial Services
Employees38,513
Revenue 11.8B EUR (2023)
DESCRIPTION

Commerzbank a bank in Germany and Poland, Commerzbank is a competent and fair partner to its private and corporate clients. It has one of the densest branch networks among German private banks and is on its way to become a modern multichannel bank. It serves its clients in all markets worldwide. Commerzbank was founded in 1870 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 1 of 3
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 3
Country (Germany) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-31 Dresdner Bank AG

Frankfurt am Main, Germany

Dresdner Bank AG is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 DC380

Harlow, United Kingdom

DC380 is a 389,444-square-foot distribution warehouse with office space that is strategically located in an established industrial and trade area of Harlow in the south east of England between London and Stansted Airport. The property is currently leased to Industrial Tool Supplies, one of the UK’s largest independent suppliers of power tools, and Wincanton, the largest British logistics service provider.DC380 is based in Harlow, United Kingdom.

Sell -
Mergr

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