Jadranski Pomorski Servis has sold a majority stake to SCAFI and Rimorchiatori Laziali
November 2016 — The Maras family has sold a majority stake in Jadranski Pomorski Servis (JPS) to SCAFI Società di Navigazione SpA (SCAFI) and Rimorchiatori Laziali SpA. Financial details have not been disclosed.
JPS is a leading provider of towing, salvage and port services to shipyards and the oil and gas industry in the Croatian part of the Adriatic. The company's fleet consists of eleven tugs, several barges and a floating crane. JPS currently operates in Croatia and Venezuela.
Founded in the 1950s by Salvatore Cafiero, SCAFI is a leading company in Italy’s shipping industry. SCAFI played a major role in two of the greatest success stories in the history of Italian ports: the development of the Port of Gioia Tauro, now the largest transhipment hub in the Mediterranean, and the transformation of the Port of La Spezia from a regional to an international port. The group currently operates in Italy via its three subsidiaries, Rimorchiatori Riuniti Spezzini (La Spezia), Con.Tug (Gioia Tauro) and Carmelo Noli (Savona- Vado), with over 20 state-of-the-art tugboats.
Rimorchiatori Laziali SpA was founded in 1984. The company's business includes the transportation of freight on all inland waterways.
Our role in the transaction
Oaklins' team in Croatia advised the seller in this transaction.
Talk to the deal team
Related deals
Hulcher has been acquired by Turnspire Capital Partners
Hulcher Services, Inc., a leading provider of specialized rail, industrial and infrastructure services across North America, has been acquired by Turnspire Capital Partners LLC. The partnership with Turnspire marks the next chapter in Hulcher’s growth, bringing together a proven operator of mission-critical infrastructure services with an investor committed to supporting the company’s people, capabilities and long-term development.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreNCL has sold its air and sea freight forwarding business to MOVIT
NCL – Transitários e Viagens, S.A. has sold its air and sea freight forwarding business to Movitlog, Lda. (MOVIT).
Learn more