WL Ross Takes Majority Stake in Navigator Holdings
August 14, 2012
WL Ross & Company has agreed to obtain a majority stake in Navigator Holdings by purchasing 4.4 million shares owned by Lehman Brothers for $110 million. Based in London, Navigator Holdings offers international petroleum shipping services with a fleet of nine gas carriers. Prior to the current deal, WL Ross provided the company with $62.5 million of development capital earlier this year.