Shutterstock
Finnish exclusive equity financier Vaaka Partners has actually ended up being the bulk investor in Helsinki headquartered ship layout and also design professionalForeship Ltd
Employing greater than 100 marine designers and also aquatic designers, Foreship is a market leader in cruise liner layout, renovates and also ship life-cycle jobs. Its variety of design options consist of task control and also administration, category layout and also design, along with drydock and also ships-in-operation solutions.
“Foreship has achieved exceptional results in establishing itself as the leading ship design and engineering company in the cruise ship and marine market and beyond,” claims Ilkka Pentik äinen ofVaaka Partners “The company’s reputation as a value-adding service provider and attractive employer has also played a key role in our investment decision”
“Foreship has a good global footprint and excellent references from some of the biggest players in the cruise line and newbuilding businesses,” claims Lauri Haavisto, Foreship CHIEF EXECUTIVE OFFICER. “The new ownership arrangement with Vaaka Partners is therefore an excellent opportunity to maintain Foreship as Foreship, while benefiting from the skills and resources of an established private equity investor. We will be better able to expand our market share globally, serve all our customers more effectively and strengthen our position in the rapidly growing cruise ship refurbishment and upgrade sector. The best way to move forward is to work with people who know how to navigate the international waters of business.”
Foreship’s brand-new Board of Directors consists of Chairman of the Board Juha Heikinheimo, a revered consultant to the cruise ship shipbuilding and also aquatic IT sectors; Jukka Laiter ä, among the owners and also previous chief executive officer of Deltamarin Group; and also Mikael Frisk, previous SVP human resources atFortum Vaaka Partners’ agents on the board will certainly be Ilkka Pentik äinen and also Petrus Blomqvist.
Markus Aarnio, Marcus Höglund and also Mattias Jörgensen will certainly maintain their settings in Foreship after the purchase, and also worker share possession of Foreship will certainly remain at 40%.
There will certainly likewise be no modifications to the firm name or get in touch with information, and also conversations are currently underway for Foreship to include brand-new worldwide areas to the firm’s present workplaces in Finland (4 ), Estonia and also the United States (2 ).
Vaaka Partners claims its participation permits Foreship to make use of a variety of monetary, organization knowledge and also commercial consultatory know-how from a firm profile including 4,000 workers and also a fund resources base coming close to EUR 500 million.
