RightShip, a major maritime digital platform for safety, sustainability, and supply chain due diligence, announced a new minority investor to accelerate the Company’s technology-led growth and mission of zero harm.
Funds advised by Permira, the global investment firm, have agreed to acquire a strategic minority stake in the Company. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes.
Scale and expertise in technology
Steen Lund, Chief Executive Officer of RightShip, said: “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.”
Improving safety and transparency
Daniel Tan, Partner at Permira, commented: “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.”
Complementary capabilities
Representatives of BHP, Cargill and Rio Tinto said in a joint statement: “As founding shareholders, we are pleased to welcome Permira and reaffirm our long-term commitment to RightShip.”
“The combination of fresh capital and complementary capabilities, with Permira as part of the shareholder group, positions RightShip to deliver even greater safety, sustainability, and efficiency solutions for the maritime ecosystem.”
Rothschild & Co acted on behalf of RightShip and its shareholders as financial advisor. The transaction is subject to customary regulatory approvals to be obtained in coming months.
