New CEO Takes Reins of LDA as InfraVia Becomes Majority Shareholder
The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.The Louis-Dreyfus family retains a 20% share, with Edouard Louis-Dreyfus remaining President of the group.Further to this operation, Louis Dreyfus Armateurs will soon be renamed LD Armateurs (LDA).Effective July 1…
Germany: Heinrich Rönner and Lürssen Place Their Bids for FSG and Nobiskrug Shipyards
The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER, said they would accept the offers in the week following the official opening of insolvency proceedings.Lürssen…
HII Intends to Acquire SC-based Metal Fabricator
HII announced today that it has entered into a definitive agreement to acquire substantially all of the assets of W International SC, LLC and Vivid Empire SC, LLC (collectively “W International”), a South Carolina-based complex metal fabricator specializing in the manufacture of shipbuilding structures, modules and assemblies.Upon completion of the transaction, the manufacturing facility in Goose Creek, South Carolina, will operate within HII’s Newport News Shipbuilding (NNS) division.
