A few weeks ago, we wrote an article in these pages called “Eagle Bulk – All About the Arbitrage.” The article outlined the recently filed S-1 for an IPO of handymax bulk carriers being offered by New York private equity fund Kelso. In this article, we discussed the concept of private equity funds buying ships just prior to, or even concurrent with, IPOs so that they could capture the arbitrage that exists between the value of ships in the private and public markets.
This is only an excerpt of Quintana – Wall Street Mining Wall Street
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Tags: · American Metals & Coal International, Citigroup, Corby Robertson, Diana Shipping, Eagle Bulk, Exxon, First Reserve of Greenwich, Genco, Inc., Kelso, Morgan Stanley, Morgan Stanley Senior Funding, Nordea, Nordic American Tankers, Oak Tree Capital, OMI, Quintana Maritime, Sovcomflot, Stamatis Molaris, Stelmar, Top Tankers
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