GIP Buying 35% Stake in Shipping Company for $1.9B
April 05, 2013
PE firm Global Infrastructure Partners, alongside a group of its LP co-investors, has agreed to purchase a 35% stake in Terminal Investment from MSC Mediterranean Shipping for $1.929 billion. Terminal has acquired, or is in the process of acquiring, controlling or joint-controlling interests in 30 container terminals globally serving most of the world’s major trade routes. The new strategic partnership between MSC and GIP will help support the next phase of Terminal’s growth, including further acquisitions and investments. Global Infrastructure Partners is a New York-based infrastructure investment firm that targets seaports, freight railroad, air transport infrastructure and the water distribution and treatment space, among other sectors.