Capstan Capital Partners and Komrowski Group Close Second Box Ship Restructuring Trade

LONDON, April 20, 2011 /PRNewswire/ -- London based Capstan Capital Partners and the Komrowski Group in Hamburg have successfully raised USD 4.8m of new liquidity for a German single ship company. The amount was raised exclusively through the international private wealth market in the form of preferred equity capital. The refinanced ship is a 13 year old 1,700 TEU container vessel owned by one of the largest German KG-houses that could no longer fund its operating expenses.

Offering an indicative cash yield of more than 15% per annum, the deal was oversubscribed with investors and was the second of its kind to be executed by Capstan and Komrowski in only a few months, says Konstantin Krebs, Managing Partner at Capstan.

Capstan Capital Partners LLP is a London based corporate finance firm and member of the Komrowski Group in Hamburg, a family-owned conglomerate with operations in shipping, commodity trading and financial services.

For more information please visit http://www.capstan-capital.com

SOURCE Capstan Capital Partners LLP