November 2020: Team Tankers International has sold its European division to De Poli Tankers.
Team Tankers International is a shipping company specialized in chemical cargoes and corrosive products (oil, vegetable oils, lubricants, etc.). With offices in Bermuda and Connecticut (USA), the company has more than 20 chemical tankers that perform various transport routes throughout the Americas, Europe, Asia, North Africa and the Middle East.
De Poli Tankers is a Dutch company also dedicated to the maritime transport of chemical cargoes and corrosive products that has presence mainly in Europe.
The scope of the transaction includes the transfer of seven 8,000 DWT vessels from the European division of Team Tankers, based in Marbella, as well as their management, contracts and operations.
De Poli’s acquisition rational is based on increasing its vessel fleet, acquiring new customers and complementing its routes to new geographical areas where the European subsidiary of Team Tankers is present (the Mediterranean and North Africa). To undertake the acquisition, De Poli has required a capital injection from another French industrial player called Sogestran.
SOCIOS and Stephens co-advised Team Tankers in the preparation of all documentation, the design of a competitive process, the identification of potential candidates, as well as in the final phase of Due Diligence.
