An investment affiliate of J.F. Lehman and Company (JFLCO), an aerospace-focused private equity firm, has announced it has agreed to acquire Global Marine Group, headquartered in Chelmsford, UK, the company said.
Global Marine Group is a provider of subsea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. GMG owns and operates a highly specialized fleet of marine equipment and vessels, including three cable installation and repair vessels, four cable maintenance vessels and 19 crew transfer vessels, enabling the company to provide its suite of highly technical offshore engineering services quickly and effectively to customers anywhere in the world.
Debt financing for the transaction was provided by Deutsche Bank. Winchester Capital served as financial advisor to JFLCO and Jones Day (lead counsel) and Blank Rome (maritime) provided legal advice. Deutsche Bank and ABN AMRO served as financial advisor to Global Marine Group and Hogan Lovells provided legal counsel.
J.F. Lehman and company is focused exclusively on the aerospace, defense, maritime, government and environmental sectors.