Leonardo Antunes
BroadSpan Capital
Dock Brasil
Deal Type
Fundraising
Sector
Industrials
Completion Date
11th December 2018
Deal Value
Not disclosed
Company Background
Founded in 2013 and based in Rio de Janeiro, Dock Brasil provides repair and maintenance services for oil and gas support vessels and mid-sized vessels.
The Company is located in a strategic area of Guanabara Bay, in the State of Rio de Janeiro, with a waterfront area of approximately 22,700 m² where it operates a floating dock providing service to offshore vessels of up to 5,000 tons.
Deal Summary
BroadSpan Capital acted as the exclusive financial advisor to Dock Brasil Engenharia e Serviços Ltda. ("Dock Brasil" or "Company") in a mezzanine debt raise with The Rohatyn Group ("TRG").
With over US$4.5 billion of assets under management, TRG has credit and private equity investment funds in emerging markets. In addition to its headquarters in New York, TRG has offices in 14 other cities worldwide, including São Paulo, Buenos Aires and Lima.
Dock Brasil raised approximately US$13 million senior debt/mezzanine with five years maturity, of which two years of grace period, and equal quarterly installments in the subsequent three years.
The debt has fixed interest rate, which can be increased up to an amount, if Dock Brasil reaches a pre-determinated annual EBITDA.
The capital raise will allow Dock Brasil to finance its investments in dredging, infrastructure and equipment, as well as prepay certain debentures.
Value Added
BroadSpan has actively acted with controlling shareholders throughout the process in order to maximize the value of the transaction and minimize its risks and guarantees.
Dock Brasil deal contacts
Key members of the BroadSpan Capital deal team crucial in the Dock Brasil transaction
Latest Mergers Alliance News
Mergers Alliance celebrated its Spring 2025 Conference in Barcelona (Spain) hosted by Spanish partners, NORGESTION
Proventis Partners (Germany) advised International School Potsdam and International School Erfurt on their sale to AcadeMedia
Opus Corporate Finance (UK) advises Swiss Life Asset Managers on its partnership with Planet Farms
Dresner Partner, (USA) advised Therafin Corporation on its partnership with Altimatemedical
Khronos Advisory (Thailand) has advised Electricity Generating Public Company Limited (EGCO) on USD95 million capital increase in PT Chandra Daya Investasi
Dresner Partners (USA) advised Connoisseurs Products on its sale to Willert Home Products
Ethica Group (Italy) advised Vicenza Mode, high-end knitwear manufacturer, in the sale of a majority stake to Sienna PE
