Tue, 27 Jun 2023 | BUSINESS SALE
VesselsValue, the online ships valuation and market intelligence provider has been sold to Veson Nautical, a global maritime freight management group.
Founded in 2011, VesselsValue provides an online platform for ship valuations, market analysis and insights utilising a dataset of more than 81,500 vessels.
Wilsons Solicitors and Azets advised VesselsValue on the sale.
VesselsValue employs 230 people across eight international offices, has 2,500 users and works with more than 600 global companies including major banks, leasing companies, ship owners, investment funds, hedge funds, lawyers, advisers and government regulators.
In 2022 VesselsValue acquired Viamar, Norway's shipping analyst. Viamar provides market research and advisory services in shipping, energy and financial markets in Northern Europe.
Veson Nautical is a global market leader in developing, implementing, and supporting the solutions that propel maritime commerce, including vessel and voyage document management, contract management, and marine data analytics.
The acquisition of VesselsValue provides Veson with a useful arm to its suite of services, together with new cross-selling opportunities.
Alongside the sale of VesselsValue was a simultaneous demerger of AviationValues, the aviation valuation part of the VesselsValue business, which was been retained by the AviationValues management team.
Heather Williams, of Azets, said: "This was a real team effort by Azets and included transaction support, restructuring options, review of UK tax implications, business and company valuations, VAT advice, review of SPA and tax warranties, review of operation of EMI scheme, technical support and corporate finance support.
"It was a technically complex operation, especially with regard to matching UK and US taxes, the separation of businesses and rollover arrangements.
"We feel it demonstrates that we can advise on a transaction of this scale and complexity and that leading professional services firms are comfortable referring this type of work to us."
This leading recruitment agency boasts over 30 years of expertise in mechanical and electrical engineering, offering a robust infrastructure and an extensive candidates' database.
A highly respected family business specialising in waste recycling is now available in West Yorkshire, offering a unique opportunity in a thriving industry.
This profitable security business in West Sussex boasts a robust recurring income stream, making it an attractive opportunity for potential buyers.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.