Latest Deals

The consortium will acquire a 90% stake in Panama Ports Company. Credit: Jose Mario Espinoza / Shutterstock

The BlackRock-TiL consortium, comprising financial giant BlackRock and Terminal Investment (TiL), will buy CK Hutchison Holdings’ 90% interest in the Panama Ports Company and a total of 43 ports comprising 199 berths in 23 countries, from Hutchison Port Holdings (HPH) $22.8bn. The deal excludes HPH’s interest in key Chinese ports, including but not limited to Hong Kong and Shenzhen.

Equity investment firm FTV Capital has announced the completion of the acquisition of maritime AI company Windward. The acquisition values Windward’s total issued and to-be-issued ordinary share capital at around £216m ($280m) on a fully diluted basis. In December last year, the boards of Windward and Octopus UK Bidco, a subsidiary of FTV VIII and its affiliates, agreed on the terms for a cash acquisition of Windward’s entire issued and to be issued ordinary share capital by Bidco.

Kpler, a data and analytics platform for seaborne trade intelligence, has concluded the acquisition of Spire Maritime in a deal valued at $241m. Spire Maritime offers satellite-powered data for real-time global vessel tracking. In November 2024, Kpler initially reached an agreement to acquire Spire Maritime. The transaction included a $233.5m purchase price, as well as $7.5m service agreement for one year following the acquisition.

Shipbuilder Davie has announced plans to acquire Gulf Copper & Manufacturing’s shipbuilding assets located in Galveston and Port Arthur, Texas. The planned acquisition is pending financial, legal, and regulatory approvals, including land lease negotiations with the Galveston Wharves Board of Trustees. The acquisition is expected to be finalised by summer 2025.