Hanwha Systems & Hanwha Ocean Acquire Philly Shipyard from Aker ASA

Hahn & Co. and Hana Financial Group Buy H-Line Shipping for 1.8 Trillion Won

May 24, 2020

Transportation

South Korea’s private equity firm Hahn & Co. and Hana Financial Group have agreed to buy a 100% stake in H-Line Shipping for 1.8 trillion won (~$1.45bn). The deal is structured as a leveraged buyout via a project fund (about 45% financed with debt) and is intended to move the shipping company’s ownership to long-term investors while supporting consolidation and growth in Hahn & Co.’s shipping platform.

Hahn & Co Acquires SK Shipping from SK Group

April 27, 2021

Transportation

Hahn & Co acquired SK Shipping (the shipping arm of SK Group) in October 2018 in a deal worth about 1.5 trillion won that included purchase of debt and a capital injection, leaving Hahn & Co as the largest shareholder with a 71.43% stake while SK Holdings retained a minority stake. The private equity owner recapitalized and restructured the company, cut its debt burden, refocused on long-term contracts and environmental compliance, and helped SK Shipping return to profitability.

Titan Acquisition Holdings Acquires Huntington Ingalls' San Diego Shipyard

February 12, 2020

Industrial Services

Titan Acquisition Holdings, a PE-backed ship repair and fabrication platform formed by The Carlyle Group and Stellex Capital Management, has signed an agreement to acquire Huntington Ingalls Industries' San Diego Shipyard. The acquisition expands Titan's ship repair capabilities and geographic footprint in a major U.S. naval port to better serve defense and commercial maritime customers; closing is expected in Q2 and financial terms were not disclosed.

NSC Technologies Acquires Shipyard Staffing

December 1, 2023

Staffing & HR

NSC Technologies, a portfolio company of White Wolf Capital Group, has acquired Shipyard Staffing to expand its marine and skilled trades staffing capabilities. The add-on strengthens NSC's platform in the shipyard and marine infrastructure market; financial terms were not disclosed.

Hanwha Systems Acquires Phasor Solutions' Satellite Antenna Business and Assets

June 5, 2020

Aerospace & Defense

Hanwha Systems acquired the business and assets of Phasor Solutions, Ltd., a U.K. developer of broadband electronically steerable satellite antennas, in a deal announced as of June 5, 2020. The acquisition secures Phasor's engineers, IP, technical data and test equipment to accelerate Hanwha Systems' entry into LEO satellite communication antenna technology and expand its aerospace and satellite communications capabilities globally.

Alaris Equity Partners Makes US$59.5M Investment in The Shipyard

August 31, 2023

Marketing & Advertising

Alaris Equity Partners (through its subsidiary Alaris Equity Partners USA, Inc.) invested US$59.5 million in marketing agency The Shipyard, comprised of preferred equity and a minority common equity stake, with an additional US$5.5 million tranche contingent on performance. The capital provides a partial liquidity event to existing equity holders and is intended to fuel The Shipyard's growth while preserving management control.