BREMEN/HAMBURG - The ZEABORN Group has signed an agreement to acquire the remaining ownership interests in ZEAMARINE held by New Mountain Capital. The ZEAMARINE joint venture was formed in August 2018 when New Mountain Capital and ZEABORN agreed to combine the commercial activities of Intermarine, ZEABORN Chartering and Rickmers-Line under the umbrella of ZEAMARINE, creating one of the world’s largest MPP carriers.
The most recent transaction is subject to approval from the antitrust authorities.
With the integration of the legacy companies ahead of schedule, Andre Grikitis has decided to step down as CEO to spend more time with his family and to pursue other business ventures. ZEAMARINE wishes to thank Andre for his leadership and vision for the MPP industry and for his 25+ years of dedicated service to Intermarine.
Ove Meyer, Managing Partner of ZEABORN, will be leading ZEAMARINE in his capacity as Owners’ Representative and work with the existing top management team around Dominik Stehle (CCO), Nicki Schumacher (COO) and Michael Dumas (CFO) on the global expansion of the company.
ZEAMARINE is one of the leading providers of global tramp and liner services for the ocean transportation of heavy lift, breakbulk and project cargoes. Services include chartering activities, cargo operations, technical supervision, and engineering solutions. The team of 300 highly skilled employees are securing smooth transportation and cargo operation from 21 offices around the globe. With an operating fleet of about 90 multipurpose heavy lift vessels with capacities ranging between 6,300 and 30,000 dwt and a combined lifting capacity of up to 1,400 metric tons, ZEAMARINE offers the full bandwidth from standard transportation to custom made engineering and transport solutions.
For more information on ZEAMARINE, please visit: www.zeamarine.com.
About ZEABORN Group
The ZEABORN Group was founded by Kurt Zech together with Ove Meyer and Jan Hendrik Többe in 2013 as a global, integrated shipping company that provides services along the entire value-added chain and caters for capital market requirements. Along with the basic principles of transparency and fair partnership, the strategic goal of ZEABORN is the expansion of its fleet, both under commercial and technical management, as well as maximizing the benefit for tonnage operated. The company’s focus is on the establishment of strategic partnerships and the expansion of its team in the area of technical and commercial management.
For more information on ZEABORN, please visit: www.zeaborn.com.
About New Mountain Capital
New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.
For more information on New Mountain Capital, please visit www.newmountaincapital.com.