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Neptune Maritime Leasing Awarded Marine Money's Private Equity Deal of the Year 2023
CostamareCostamare(US:CMRE) Newsfilterยท2024-06-25 20:20

Core Insights - Neptune Maritime Leasing Limited has been awarded the Private Equity Deal of the Year 2023 by Marine Money for a $220 million investment from Costamare Inc. and the Latsco Family Office [1][8] Company Overview - Neptune Maritime Leasing is a growth-oriented maritime leasing platform established in 2021, focused on providing shipowners with flexible financing tools and investors with access to under-invested asset classes [8] - The company aims to build a portfolio of long-term contracts through sale and leaseback transactions across diverse maritime sectors, emphasizing responsible returns and contributions to global trade and sustainability [8] Investment Highlights - The $220 million investment from Costamare Inc. and the Latsco Family Office in March 2023 has significantly enhanced Neptune's capabilities and market presence [2][8] - Following the investment, Neptune expanded its fleet fivefold and increased its sector coverage to include offshore vessels, as well as geographic coverage to the Middle East and Asia [2] Strategic Partnerships - The Latsco Family Office, a prominent investor in shipping since the 1940s, has been an anchor investor in Neptune Leasing since 2021, managing strategic investments across various sectors [2][6]