M&A Deal Summary

Hafnia Acquires Chemical Tankers

On November 11, 2021, Hafnia acquired chemicals company Chemical Tankers from Oaktree Capital Management and Navig8 Group

Acquisition Highlights
  • This is Hafnia’s 1st transaction in the Chemicals sector.
  • This is Hafnia’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2021-11-11
Target Chemical Tankers
Sector Chemicals
Buyer(s) Hafnia
Sellers(s) Oaktree Capital Management
Navig8 Group
Deal Type Add-on Acquisition

Target

Chemical Tankers

Hellerup, Denmark
Chemical Tankers has 30 ECO chemical newbuilds under construction in Korea and Japan. Chemical Tankers was founded in 2013 and is based in Hellerup, Denmark.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hafnia

Singapore, Singapore

Category Company
Sector Transportation
Employees4,000
Revenue 2.9B USD (2024)
DESCRIPTION

Hafnia is a global tanker company that transports oil products and chemicals worldwide for major oil, chemical, trading, and utility companies. Hafnia is based in Singapore.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Hafnia

Hellerup, Denmark

Hafnia is a product tanker fleet. Constantly in motion, Hafnia transport hydrocarbons safely and sustainably around the world. Hafnia is based in Hellerup, Denmark.

Buy -

Seller(S) 2

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 74 of 90
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 32 of 39
Country: Denmark M&A 1 of 1
Year: 2021 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 LuxVet

Warsaw, Poland

LuxVet is a platform for acquiring veterinary practices. The platform will consist of around 200 veterinary facilities - bringing together the best and most ambitious veterinarians and practice owners. Among the facilities LuxVet Group will also build modern veterinary hospitals of European standards in the largest cities. The platform will focus on developments and bringing new standards of services in clinics, new technology, and give access to capital and modern medical knowledge. LuxVet is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 Marini

Cisterna Di Latina, United States

Marini is manufacturing of electronic and mechanical systems for the railway safety and signalling industry. The company covers the entire value chain from research and development to aftermarket services and is also active in the aerospace and defense sectors. Marini is based in Cisterna Di Latina, Italy.

Buy -
SELLER

Navig8 Group

Singapore, Singapore

Category Company
Founded 2007
Sector Marine
DESCRIPTION

Navig8 Group is a fully integrated provider of shipping management services and the world’s largest independent pool and commercial management company. Navig8 Group was founded in 2007 and is based in Singapore.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Navig8 Group - Four LR2 Product Tankers

Jersey, Channel Islands

Navig8 Group Ltd's Four LR2 Product Tankers provides marine services.

Sell $132M