Editor’s Choice:DnB NOR and Enskilda for Aker American Shipping ASA

It’s the kind of deal that all financiers hope to work on; a deal that isn’t just about grinding down the price or stretching out the terms or maximizing the price at which something is sold for someone else’s gain.

To the contrary, the Aker American Shipping ASA (AKAS) deal is an example of how bankers and companies can work together to use their skills, contacts and creativity to solve a jigsaw puzzle. The deal is also an excellent example of how the sometimes chunky fees that bankers earn somehow pale in comparison to the value they create – value measured not just in dollars, but in employment, patriotism and support of wounded industry.

As some of our readers know, this deal has been on our radar for the Editor’s Choice Award since it became clear that it might actually defy the odds and get done. In fact, as we said in the April 14th issue of Freshly Minted, “It’s been a series of deals that put Kjell Inge Rokke and his advisors at DnB NOR squarely in the running for the Marine Money Dealmaker of the Year award.” Well, here we are…

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