12.04.2017
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Münchmeyer Petersen Capital AG:
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
MPC Münchmeyer Petersen Capital AG:
12.04.2017 / 10:00
The issuer is solely responsible for the content of this announcement.
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MPC Capital initiates new container ship investment company with USD 100
million in equity
Hamburg, 12 April 2017 - MPC Capital AG, an international asset and
investment manager, has initiated an investment company with a focus on
small-size container ships between 1,000 and 3,000 TEU. Yesterday the newly
formed 'MPC Container Ships AS' raised USD 100 million in equity in a
private placement towards international institutional investors and family
offices in the Norwegian capital market. Following its corporate investment
strategy, MPC Capital is a co-investor.
Based on the current pipeline exceeding 100 vessels, capital proceeds are
expected to be fully deployed within 2017. An initial fleet of attractive
assets has already been secured. Among other partners, MPC Capital's
subsidiaries, Ahrenkiel Steamship and Contchart, are offering technical and
commercial management services to the fleet.
First signs of a recovery are currently seen in the container shipping
market, with freight rates above 2016 levels and charter rates trending up
in the first quarter of 2017. Market analysts, Maritime Strategies
International (MSI), projects a market-wide recovery, while highlighting
that supply and demand dynamics for the small-size segment are particularly
favourable as they provide insulation against downside risks. Overcapacity
in the container market has led to a historic downturn in charter rates and
asset values. Analysts therefore see attractive investment opportunities in
the market - a view shared by MPC Capital.
Ulf Holländer, CEO of MPC Capital AG, comments: "The transaction marks a
further milestone in the history of the MPC Group. It shows our vital
competence to structure innovative deals in the shipping business. And it
underpins our ability to identify attractive investment opportunities in
niche sectors that are ahead of markets and to connect investors to this
strategy."
The shares of MPC Container Ships AS initially will be registered on the
Norwegian OTC list. It is intended to list the shares on a reputable stock
exchange within 2017. Fearnley Securities AS acted as Sole Bookrunner and
Manager on the transaction, while Fearnley Project Finance AS acted as
Selling Agent.
About MPC Capital AG
MPC Capital AG is an independent asset and investment manager for real asset
investments. Together with its subsidiaries, the company develops and
manages real asset investments and investment products for international
institutional investors, family offices and professional investors. Its
focus is on the asset categories Real Estate, Shipping and Infrastructure.
MPC Capital AG has been quoted on the stock exchange since 2000 and has
around 250 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 [IMAGE]
e-mail: [email protected]
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12.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: MPC Münchmeyer Petersen Capital AG
Palmaille 75
22767 Hamburg
Germany
Phone: +49 (0)40 380 22-0
Fax: +49 (0)40 380 22-4878
E-mail: [email protected]
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Open Market (Scale) in Frankfurt
End of News DGAP News Service
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564419 12.04.2017
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