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Home / Shipping News / Shipping Law News / Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to buy out debt of Stanford Marine Group Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to buy out debt of Stanford Marine Group Global law firm Clyde & Co and StormHarbour Securities LLP, a global investment banking boutique, announced that they acted as sole legal advisors and financial advisors respectively for a debt buyout of Stanford Marine Group’s AED 1.13 billion (USD 308 million) facility by SHUAA Capital, resulting in a successful outcome for all parties involved, including the participating banks. SMG is one of the most prominent and diversifed offshore services companies in the Middle East, with a focus on chartering, building and repairing offshore support vessels for the oil and gas industry. SMG owns and operates a fleet of more than 35 Offshore Supply Vessels (PSVs, Anchor Handlers & Crew Boats).

Saudi arabiaAd daw ahUnited arab emiratesAr riyaAbu dhabiAjit joshiJian chungAbdelhak el kinanyGeorge giannakisHead of real assets group at stormharbourStanford marine groupClyde coCorporate finance partner at clyde coStormharbour securitiesMiddle eastSupply vessels