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Shuaa Capital rescues Stanford Marine

UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s AED1.13bn ($308 million) facility.

Shuaa said in a release that the restructuring transaction had helped save hundreds of jobs at the OSV specialist, Stanford Marine, as well as ensuring a number of vessels can continue to be built in Dubai.

Shuaa Capital has been working with Stanford Marine’s lending syndicate and their advisors since 2019 to arrive at a buyout deal that met all parties’ objectives.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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