Shipping

MPC Capital disposes of ship portfolio for USD 398 million

22 Sep 2016

  • Sale of "M-Star" fleet of eight 8,500 TEU container ships
  • Investors realise average return of 6 % per annum

Hamburg, 22 September 2016 - MPC Maritime Investments GmbH, a subsidiary of MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4), has arranged the sale of a portfolio of eight container ships for a price of around USD 398 million. The buyer is an Asian finance syndicate which intends to continue to use the ships for charter operations. Two of the eight fully containerised vessels each with a slot capacity of around 8,500 standard containers (TEU) have already been handed over to their new owners. The handover of the remaining six ships is scheduled to take place during the next weeks.

The ships that make up the "M-Star" fleet, with poetic names such as "Mahler Star", "Manet Star" and "Mendelssohn Star", went into service between 2004 and 2007. To finance their purchase, MPC Capital had raised equity capital of around EUR 175 million predominantly among private investors. The sale that has now been agreed means the investors realise an average annual post-tax return of 6 % on their employed capital. The IRR (internal rate of return) is up to 7.7 %, and the total return of capital as high as 195 %. 

"We are very proud that we have successfully completed a transaction of this magnitude in this difficult industry climate," remarked Constantin Baack, Management Board member of MPC Capital AG. "We have achieved this solid return on our investors' employed capital not least by tightly dovetailing specialist shipping knowledge with financial expertise in our investment team." 

About MPC Capital AG (www.mpc-capital.de) 
MPC Capital AG is an independent asset and investment manager specialising in real asset investments and investment products. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 240 employees group-wide.

Contact

Stefan Zenker
Head of Investor & Public Relations

 +49 (40) 380 22 - 4347

 s.zenker@mpc-capital.com