JBR M&A transaction

Keppel and Boskalis

JBR acted as M&A advisor to De Poli Tankers.

JBR Corporate Finance's deal team consists of:
Rocher Hulst, Alexander Beyleveldt and Niklas Kaiser.

Author: Rocher Hulst

Principal
LinkedIn

Sogestran Group invests in De Poli Tankers to jointly take over european chemical tanker business from Team Tankers

We are pleased to announce that Sogestran Group ("Sogestran") has agreed to acquire a majority interest in De Poli Tankers Holding B.V. ("De Poli Tankers Group"), an integrated chemical tanker company based in Barendrecht, the Netherlands. The existing senior management of De Poli Tankers Group will remain in their existing roles and manage day-to-day operations.

Facts and figures

Sogestran Group and De Poli Tankers Group

Sogestran Group is an expert in high value-added solutions for inland and maritime transport.

Sogestran Group is a French, independent, family-owned shipping and logistics company founded in 1948
As the leading French river transport company, renowned ship owner and designer, investor, manager and operator of its fleet, Sogestran is an expert in high-quality inland and international maritime transport solutions

The Poli Tankers Group Is a premium tanker company in the marine chemical trade

The Poli Tankers Group is an integrated shipping company based in Barendrecht, the Netherlands
It operates a fleet of eight chemical tankers, transporting a wide range of chemical products and providing value-added services to the highest industry standards and regulations
JBR assisted De Poli Tankers Group as M&A advisor in the acquisition of Team Tankers' chemical tanker business, raising new equity from Sogestran, raising a bank loan and various other corporate finance issues

Team Tankers

Team Tankers is a leading chemical tanker company providing transportation services to a global customer base.

Rimorchiatori Mediterranei, part of the Rimorchiatori Riuniti Group, operates through more than 100 modern ships in more than 20 international ports
The company also offers anchor handling, maintenance and crew management services
Rimorchiatori Mediterranei Group, founded in 1922, is the Mediterranean leader in port towage services and has developed activities in international shipping in dry cargo and offshore sectors

November 25, 2020

Press Release

We are pleased to announce that Sogestran Group ('Sogestran') has agreed to acquire a majority participation in De Poli Tankers Holding B.V. ('De Poli Tankers Group'), an integrated chemical tanker company based in Barendrecht, the Netherlands. The existing top management of De Poli Tankers Group will continue in their existing roles and lead the day to day operations.

The Poli Tankers Group owns and operates a fleet of eight chemical tankers, transporting a wide range of chemical products and providing value-added services according to the highest industry standards and regulations with flexibility and transparency.

De Poli Tankers Group has used the proceeds of this transaction to complete the acquisition of the European-based chemical tanker business from Team Tankers International Ltd. ('TTI'). The acquisition includes seven 8,000 DWT chemical stainless-steel parcel tankers and the entire organization of Team Tankers in Marbella, Spain.

De Poli Tankers Group will also commercially manage three chemical tankers for TTI for a limited period. De Poli Tankers Group will combine the acquired TTI business with its own fleet and will continue to service the existing contracts. All parties are convinced that the fleets, the geographical trading areas and the type of trades are highly complementary and as such, will provide valuable synergies and further improve service levels to all their existing clients.

TTI is a leading tanker company committed to providing safe, reliable and incident-free transport services to its worldwide customer base. It transports a wide variety of cargos including organic and non-organic chemicals, petroleum products, vegetable oils and lube oils.

Sogestran is organized into four main business lines:

Maritime with a fleet of c.20 vessels operating in the Mediterranean, Indian Ocean, West Africa, Caribbean, French Guyana, Polynesia and Pacific Ocean, which will be the parent business line of De Poli Tankers Group and the acquired Team Tankers business
Fluvial with over 160 units operating in the Rhone, Seine, Loire, Donau, Rhine rivers
Multimodal with transport of containers in France, Belgium and Netherlands by barge combined with train and truck
Services in the Port of Le Havre with storage of conditioned hazardous goods

Gottengreen (France) acted as M&A advisor to Sogestran. JBR Corporate Finance (the Netherlands) and Crédit Agricole Corporate and Investment Bank (France) acted as M&A advisors to De Poli Tankers Group. Stephens Europe Limited and Socios Financieros S.A. acted as M&A advisors to TTI. The transaction closed on the 25 th of November 2020.