A Growing Force to be Reckoned With

Private equity and sovereign wealth funds have been much-touted by the media as potential alternative sources of capital for the shipping industry but there have been few success stories lately. This week, we are very pleased to report on one particularly interesting transaction which clearly demonstrates that private equity and sovereign wealth funds do have a role as a capital provider for the shipping sector, albeit in a rather indirect manner.

An investor consortium comprising affiliates of New York based Kohlberg Kravis Roberts & Co. L.P., GIC Special Investments Pte. Ltd. (the private equity and infrastructure investment arm of the Government of Singapore Investment Corporation) and China International Capital Corporation Limited has announced an investment of USD 160 million for a significant minority stake in International Far Eastern Leasing Company Ltd. (“IFELC”), the leading provider of financial leasing in China. The investment will support IFELC’s future growth as it moves to capitalize on the attractive potential in the underdeveloped financial leasing space in China.

This is only an excerpt of A Growing Force to be Reckoned With

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