Navios Maritime Completes Acquisition Of Capesize Vessel For US$31.1 Million

Published: May 09 2017
Deal Summary

Navios Maritime Partners L.P., an owner and operator of drybulk and container vessels, completed the acquisition of Capesize vessel, named Navios Ace, for a purchase consideration of US$31.05 million (MM). The transaction represents an estimated EBITDA multiple of 11.94x.

Navios Maritime financed the consideration with cash and bank debt on terms consistent with its existing credit facilities.

The vessel is 2011 South Korean-built, Liberia-flagged Capesize vessel, with dead weight tonnage of 179,016 tons.

The transaction enables Navios Maritime to expand its fleet of vessels.

Deal history

Completed: Effective June 30, 2017, Navios Maritime completed the acquisition of Capesize vessel, named Navios Ace, for a purchase consideration of US$31.05 MM.

Announced: On May 9, 2017, Navios Maritime agreed to acquire Capesize vessel, for a purchase consideration of US$31.05 MM.

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