News & Newsletter

November 19, 2013
Cheverny Forms Strategic Partnership Focused On Ship Finance

Cheverny Capital and Medfin Form Strategic Link To Connect North American Capital To European Shipping Restructuring

Cheverny Capital Inc. of Montreal and Medfin Marine And Financial Consultancy Limited (“Medfin”) of Istanbul and Toronto have formed a strategic partnership to connect North American private capital to restructuring and growth opportunities in the European and Mediterranean shipping industry. This partnership builds on a history of collaboration between the two firms.

Medfin has an extensive track record advising shipowners and shipping fleets on acquisitions, divestitures, equity financings and (in particular) debt financings. Medfin also brings unique insight and relationships in the Turkish market.

Cheverny Capital is a Montreal-headquartered firm providing advisory services to corporations and private equity groups. Marquee transactions include Cogeco/Peer1 (EV $630 million), the sale of Adonis to Metro, the sale of Indian Motorcycle to Polaris, and the acquisition of Fibermedia by Stephens Group.

Cheverny and Medfin share an industry thesis that, as the shipping industry emerges from its recent period of turmoil, opportunities will emerge in the restructuring and refinancing of the maritime transport industry. Cheverny and Medfin further see a greater role for large, sophisticated equity investors to assume a more prominent role in the shipping sector.