Deals

Shipping February 27, 2018

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

Other lawyers and advisors: MFB Solicitors (Jonathan Watson) and Clarksons acted for Garthcliff on the acquisition of the vessel

Total

£5.5 million

Invested
Team advising
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