Thalvora Holdings GmbH, a subsidiary of Castor Maritime Inc. and led by Greek businessman Petros Panagiotidis, has acquired a 74.09% stake in MPC Capital, a global investment and asset manager for infrastructure projects and the mother company of the Norwegian vessel owner MPC Container Ships.
The price was set at €7 (around US$7.3) per share.
Constantin Baack, CEO of MPC Capital AG, commented: “MPC Capital has made remarkable progress over the recent years, establishing itself as a profitable and entrepreneurial investment and asset management company focused on maritime and energy projects. We have also built a thriving co-investment portfolio, reinforcing our growth trajectory. Our clear goal is to continue on the dynamic and profitable path. Over the past decades, MPC Capital AG strongly benefited from the partnership with MPC Holding. Building on this support, we now transition into a new chapter with Petros Panagiotidis as a new strategic anchor investor who supports the growth of our existing activities and established platforms.”
Petros Panagiotidis, Founder and CEO of Castor Maritime Inc., highlighted his commitment: “We are impressed by the strong track record of MPC Capital and we are convinced of the entrepreneurial execution capabilities as well as the dedicated management team behind the company. We support MPC Capital’s strategic goals building on a strong market position. As the new strategic shareholder, we see significant potential in the future development of the company’s investment and management platforms, which are highly complementary to our existing activities.”
With the transaction’s completion, Dr. Axel Schroeder and Joachim Ludwig will step down from the Supervisory Board. Petros Panagiotidis and Petros Zavakopoulos are expected to join, while Ulf Holländer, a long-standing leader within MPC Capital, is set to become Chairman.
The deal is expected to close by the end of December 2024.
