M&A Deal Summary

KKR and Borealis Maritime Acquire Embarcadero Maritime

On January 1, 2013, private equity firm KKR and Borealis Maritime acquired marine company Embarcadero Maritime

Acquisition Highlights
  • This is KKR’s 2nd and Borealis Maritime’s 1st transaction in the Marine sector.
  • This is KKR’s 55th and Borealis Maritime’s 1st transaction in the United States.
  • This is KKR’s 5th and Borealis Maritime’s 1st transaction in New York.

M&A Deal Summary
Date 2013-01-01
Target Embarcadero Maritime
Sector Marine
Buyer(s) KKR
Borealis Maritime
Deal Type Joint Venture

Target

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.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 119 of 483
Sector (Marine) 2 of 5
Type (Joint Venture) 3 of 6
State (New York) 5 of 19
Country (United States) 55 of 210
Year (2013) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-23 Alliant Insurance Services

Irvine, California, United States

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Nephila Capital

Hamilton, Bermuda

Nephila Capital Ltd. is an investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila Capital was formed in 1997 and is based in Hamilton, Bermuda.

Buy -
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 1 of 2
Sector (Marine) 1 of 2
Type (Joint Venture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 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.

Buy $255M
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