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Portfolio

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Sector

Transport and Logistics

Location

Nordics

Entry date

December 2017

Exit date

October 2022

Fund

STAR III

Status

Realised


Overview

In December 2017, STAR acquired a cornerstone shareholding in MPC Container Ships AS (“MPCC”), an Oslo based shipping company. MPCC owns and operates a portfolio of container ships between 1,000 and 3,500 twenty-foot equivalent units (“TEU”) that primarily serve intra-regional trade routes.

STAR invested in MPCC at the early stages of the company’s journey. The investment strategy was to create a leading owner and operator of intra-regional container vessels through acquisitions, and to create value from operational and scale efficiencies, as well as from a recovery in asset prices and charter rates which were below the 15/20 year averages.

During STAR’s ownership, MPCC was uplisted from the Merkur Markt in Oslo, Norway to the Oslo Bors, which helped pave the way for further growth. The funds raised by MPCC were used to implement a successful investment strategy, building the management team from a team of two to over 20, and growing the fleet from 26 to 67 vessels (including 4 new builds)*, becoming a leading tonnage provider in its category.

During the course of 2021 and 2022, STAR made partial exits in its shareholding in MPCC. STAR sold its remaining shareholding in MPCC in October 2022.

*At the time of STAR’s exit in October 2022

mpc-container.com

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Contact

Map

Map

STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.