Scandlines operates short distance ferry routes between Denmark and Germany; Stena has activities spread across several sectors including ferry routes, shipping, offshore drilling, property, recycling, environmental services and trade.
The Helsingborg-Helsingør ferry route owns 5 ferries and operates high frequency passenger and freight services between Sweden and Denmark as part of a 50:50 joint venture between Scandlines and Stena.
DC was engaged by First State Investments ("FSI") to provide M&A and debt advice on the acquisition of the ferry route. The transaction was executed on a bi-lateral, non-competitive basis secured by FSI’s level of understanding of the asset and facilitated by DC's previous involvement and sponsor relationships.
The DC team ran a focused M&A and debt process, targeting key financing providers to arrange the debt facilities and assisting FSI in conducting extensive due diligence and financial analysis on the Helsingborg-Helsingør route.
A robust, infrastructure-like financing package was delivered, despite limitations on access to lenders due to vendor concerns around confidentiality.
On 9 January 2015, Scandlines and Stena announced signing of the agreement relating to the sale of the Helsingborg-Helsingør route to First State Investments.