Latham & Watkins Advises Permira on RightShip Stake
Latham & Watkins has advised global investment firm Permira on its acquisition of a minority stake in RightShip, the maritime digital platform recognized for advancing safety, sustainability, and supply chain due diligence.
The deal marks a key step in advancing RightShip’s technology-led growth and zero-harm mission. Closing is expected in the coming months, subject to approvals, with BHP, Cargill, and Rio Tinto retaining equal stakes.
Steen Lund, CEO of RightShip, commented:
“This investment is a strong endorsement of our strategy and impact. With Permira’s global scale and expertise in technology and M&A, and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.”
Daniel Tan, Partner at Permira, added:
“RightShip plays a critical role in improving safety and transparency in the maritime industry. The Company’s services and data offerings come together on its AI-powered platform to bring deeper insights, better decision-making, and workflow automation to key stakeholders. Innovation thrives at RightShip – as product-first growth investors, we are delighted to partner with management and existing shareholders on this exciting journey.”
Rothschild & Co acted as financial advisor to RightShip and its shareholders.
Latham & Watkins cross-border team was led by Singapore corporate partner Amy Beckingham, with associates Elisabeth Su-Li Ong and Shi Cheng Chong. Additional advice was provided by Tokyo associate Benjamin Han, Hong Kong associate Aster Lin, and Seoul associate Alex Park on DTT matters, along with London partner Simon Skinner and associate Joshua Atkinson on tax.
RightShip is a global ESG-focused maritime digital platform, founded in 2001, that helps shipping companies improve safety, sustainability, and supply chain transparency. With its “Zero Harm” mission, RightShip provides due diligence, emissions scoring, and risk analytics to clients worldwide.
Permira is a global investment firm that focuses on multiplying the potential of both companies and people to build successful, growth-oriented businesses. Utilizing a thematic, value-based investment philosophy, they specialize in private equity and credit across four core sectors: technology, consumer, healthcare, and services, leveraging deep sector expertise and a collaborative partnership approach to drive long-term, sustainable value creation.
Latham & Watkins LLP is a leading global law firm known for its expertise in corporate, litigation, and transactional law. With over 2,000 attorneys in 14 countries, the firm advises clients across a wide range of industries, including technology, healthcare, finance, and energy. Founded in 1934, Latham & Watkins is renowned for its work with emerging companies, offering legal solutions for startups and growth-stage businesses. The firm’s Emerging Companies & Growth team helps navigate complex legal matters related to business formation, financing, and scaling, making it a trusted partner for innovative companies worldwide.
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