Hafnia Limited Agrees to Acquire Additional 4.5 Million TORM Shares

Titanium Transportation Group Sold to TTNM Management Acquisition Ltd in Management-Led Take-Private Buyout

April 3, 2026

Logistics & Distribution

Titanium Transportation Group completed a management-led take-private transaction, closing its sale to TTNM Management Acquisition Ltd. The deal values Titanium at $2.22 per share and transferred ownership on March 31, with Titanium preparing to exit public markets and be delisted from the Toronto Stock Exchange.

Hafnia Limited Acquires 13.97% Stake in TORM plc from Oaktree Capital Management

December 22, 2025

Transportation

Hafnia Limited completed its acquisition of approximately 14.1 million A-shares of TORM plc, representing about 13.97% of TORM’s issued share capital. The shares were purchased from Oaktree Capital Management, L.P. and its affiliates after all conditions precedent were satisfied under a share purchase agreement.

Horizon Air Freight Acquires Transmarine Navigation Corporation

December 31, 2022

Transportation

Horizon Air Freight announced the acquisition of Transmarine Navigation Corporation, completed in Q4 2022, to expand its port agency and in-port logistics capabilities across North and South America. The deal combines Horizon’s global warehousing and last-mile delivery network with Transmarine’s port call agency presence at 12 ports, enhancing services for ship owners, operators, and charters.

Rio Tinto Acquires Remaining Stake in Turquoise Hill Resources for C$43.00 per Share

November 18, 2022

Industrial Services

Rio Tinto has agreed to terminate certain dissent-related agreements with minority shareholders tied to Pentwater Capital Management LP and SailingStone Capital Partners LLC, while its all-cash plan to acquire the ~49% of Turquoise Hill it does not already own will proceed. Under the proposed plan of arrangement, Turquoise Hill shareholders are offered C$43.00 per share in cash, supported by Rio Tinto’s commitments regarding dissent rights and related payments.

National Timber Group Acquires Hymor Timber

March 3, 2021

Building Products

National Timber Group, a portfolio company of Cairngorm Capital, has acquired Hymor Timber Limited, an independent timber merchant based in Stoke-on-Trent. The add-on expands NTG's geographic coverage and hardwood capability in the Midlands and North West and was driven by the sellers' succession planning.

EQT Infrastructure V (via HATI BidCo AS) launches offer to acquire Torghatten ASA

December 23, 2020

Transportation

EQT Infrastructure V, through its offer vehicle HATI BidCo AS, launched a voluntary cash offer to acquire all outstanding shares in Torghatten ASA (excluding the airline segment). The offer is NOK 175 in cash per share plus a planned distribution of Flyco (Widerøe) shares valued at NOK 17 per Torghatten share (total implied value NOK 192 per share); Torghatten’s board has unanimously recommended acceptance and the transaction values Torghatten equity at approximately NOK 8,580 million.