Deals
Acquisition of the “Sentosa” and investment into Garthcliff Shipping
You don’t see too many VCT backed shipping deals, but this is one of them; and congratulations to Jonathan Boss, David Butler and the rest of the team at Downing for getting it over the line. We are pleased to see the “Sentosa” flying the Red Ensign on its travels around the world.
Garthcliff Shipping raises £5 million in VCT funds and acquires container vessel "Sentosa"
Deal/project: Investment and linked acquisition
Description: Garthcliff Shipping raises £5 million in VCT funds and acquires container vessel "Sentosa"
Date closed: March 2018
Space: Shipping
Press releases: Downing LLP release
Bridging and Commercial article
Trade Winds article
Marine Traffic link to Sentosa
Other lawyers and advisors: MFB Solicitors (Jonathan Watson) and Clarksons acted for Garthcliff on the acquisition of the vessel
£5.5 million
Invested