Watson Farley & Williams (“WFW”) advised MPC Capital AG (“MPC Capital”) on the sale of two 4,250 TEU Panamax container ships.

As part of MPC Capital’s active asset management approach, charter extensions were agreed at an early stage of the project, extensive technical retrofitting measures implemented and a refinancing by Japanese lenders structured. These measures enabled a very strong return of 45% IRR and a MOIC of 2.0x over a two-year holding period.

MPC Capital is an international investment manager that initiates and manages project-focussed investment solutions for institutional investors in the maritime and energy sectors. With around 300 employees, MPC Capital Group manages more than 400 assets with a total value of €5.3bn.

The WFW Hamburg Maritime team that advised MPC Capital was led by Corporate Partner Dr Christian Finnern, supported by Associates Maximilian Hennig and Bjarne Ruthke.

Christian commented: “We are delighted to have advised our long-standing client MPC Capital on this important step. The successful exit shows how a consistent, forward-looking asset management approach can realise substantial value enhancement potential. At the same time, it highlights the contribution that precise corporate advice can make when legal structuring and economic objectives are precisely aligned”.
Source: Watson Farley & Williams