Digital maritime platform RightShip has announced that global investment firm Permira is set to acquire a strategic minority stake in the company.
This marks a major milestone in RightShip’s growth journey, with founding shareholders BHP, Cargill and Rio Tinto retaining their equal ownership positions.
“This investment is a strong endorsement of our strategy and impact,” said Steen Lund, chief executive of RightShip.
“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.”
Existing shareholders BHP, Cargill and Rio Tinto have issued a joint statement. “As founding shareholders, we are pleased to welcome Permira and reaffirm our long-term commitment to RightShip,” it said.
“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 as financial advisor. The deal is subject to regulatory approvals.
