Financing of 70% of the acquisition worth (near market worth) was achieved. The borrower is a reputed, hands-on, household owned skilled ship proprietor, now with the third era lively within the business . The vessel was purchased on a Friday and after crew change, the vessel was already enroute to finish its first voyage fixture by Tuesday. Prudent acted because the unique Arranger on this financing.
Since beginning operations in early 2017, Prudent has organized greater than USD650mn of financing through senior debt and lease construction for house owners primarily based in Singapore, India, Middle East, UK, Denmark and the US. In addition, Prudent has additionally organized 6 fairness and mezzanine tranche transactions and acted as an advisor on one M&A deal. We proceed to work humbly foundation our guiding ideas of discretion, pace and outcomes.
Divay Goel, the Chief Investment Officer of Prudent commented, “it was a pleasant experience to work with such a technically and commercially experienced shipowner.”
Prudent Shipping Investments advises monetary establishments to spend money on transport and ports. Prudent works with a shut, fastened set, of institutional traders with whom it has developed a relationship of belief over a number of years of fabric relationship. Prudent’s companies embrace structuring offers, due diligence and evaluation of technical, operational and industrial parameters, together with elements of vessel valuation/situation survey, insurances, and projections of earnings, working bills and residual worth.
The founder, Divay Goel has been in transport for the final 32 years. He has organized capital and suggested on greater than 250 transport and ports investments in his profession, together with for Goldman Sachs, JP Morgan, Carlyle, Blackstone, 3i, IFC/World Bank and GIC. He was just lately chosen by BIMCO as a member of the SHIPLEASE sounding board, advising on BIMCO’s new customary sale and leaseback time period sheet. He was additionally a core member of the crew on the Baltic Exchange in London, which developed the idea of digital buying and selling of Forward Freight Agreements/FFAs.
Prudent welcomes ship house owners and operators to the touch base with the corporate for their vessel financing necessities. Prudent’s contact particulars are, Email: [email protected], Phone: +65 91875990. The Company works on its ideas of Discretion, Speed and Results.
Divay Goel
Prudent Shipping Investments Pte Ltd
[email protected]
