Dock Brasil Ltda. Announces Equity Raise of up to US$23MM

On October 2013, Dock Brasil Ltda. announced an equity financing raise of up to US$23 MM from Mantiq Investimentos and Mare Investimentos.

Dock Brasil Ltda. is a greenfield shipyard company in Brazil that provides repair services to oil & gas vessels. Dock Brazil Ltda. is located in the Guanabara Bay in the state of Rio de Janeiro in an area of approximately 25,000 m² (16,000 m² at land and 9,000 m² at sea). At full capacity the company will have over 500 employees.

The proceeds of the transaction will be used to build the floating docks and the shipyard, acquire equipment, as well as on working capital needs.

Controlled by Banco Santander, Mantiq Investimentos is an independent private equity investment fund manager with over US$1.2 billion in assets under management focused on the infrastructure and oil & gas sectors. Mare Investimentos is a private equity firm that has a team with vast experience on the oil & gas sector in Brazil. Mantiq and Mare co-manage two oil & gas funds with a total committed capital of R$740 million.

BroadSpan Capital LLC acted as exclusive financial advisor to Dock Brazil Ltda. for this transaction.