Carlyle, Tiger to Spend $5B on Shipping Vessels
Private equity firm the Carlyle Group has joined with maritime investment firm Tiger Group to buy more than $5 billion worth of shipping vessels across Asia, Reuters reported. The joint operation, which also includes other investment partners, will buy container, dry bulk, tanker vessels and other shipping assets. The venture has committed to invest equity capital of $900 million in the next five years, Reuters said.
Bycnolan
14 March 2011•2 mins read
