Oct. 1, 2018
Jamieson advises the management team of Scandlines

Jamieson has advised CEO Søren Poulsgaard Jensen, CFO Per Madsen and the wider management team of European ferry operator Scandlines on the sale of a majority stake in the business from 3i Group to First State Investments and Hermes Investment Management. The infrastructure arms of First State Investments and Hermes Investment Management have acquired 65 percent of Scandlines from 3i. At the same time, 3i also made an immediate reinvestment into the business and bought back a reduced 35 percent stake in Scandlines. Headquartered in Copenhagen, Scandlines operates two ferry routes between Germany and Denmark. Its eight ferries serve the freight and private passenger markets, with more than 42,000 departures annually.

Søren Poulsgaard Jensen, CEO of Scandlines said, "I have been very pleased with the cooperation with 3i to transform the company and develop its growth potential. I am looking forward to working with the new owners. Scandlines is a great company with dedicated employees; we will all benefit from this long-term investment". The three shareholders want to support Scandlines' continued growth, including further investment in green technology, and will continue to support management in delivering good customer service, safe operation and further optimizing green initiatives.

The Scandlines management team were advised by Stuart Coventry, Ross Wheeler and Jack Yang on their investment and the new management incentive.

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