A&O Shearman has advised RightShip on an investment by UK-based private equity firm Permira, which will see Permira acquire a minority stake in the company.
Permira joins existing shareholders Cargill, BHP and Rio Tinto as an equal partner in RightShip, a leading maritime digital platform focused on safety, sustainability and supply chain due diligence.
Operating across Australia, Malta, Singapore, the UK, the U.S. and Vietnam, RightShip provides AI-led data services and technology solutions to a global client base that includes charterers, cargo owners, shippers, ship owners, managers, insurers and ports. The capital raised will support the company’s next phase of growth, with a focus on enhancing its technological platform and expanding its data capabilities.
"We are proud to support RightShip in securing the investment.."
“This transaction reflects the growing demand for digital solutions in the maritime sector and the importance of strategic partnerships in accelerating innovation,” said Tom Jokelson, partner at A&O Shearman. “We are proud to support RightShip in securing the investment which will allow it to further scale its platform and deliver long-term value to its stakeholders.”
The cross-border A&O Shearman team was led by partner Tom Jokelson, with support from Claire Lye, Louisa Carton, James Chen, Isabelle Cheah and Nah Sze Perng.