Deal Announcement - Transport & Logistics - Koole Shipping

IMAP advises Koole Terminals on the sale of Koole Shipping, a leading edible oils and fats shipping transport provider.  Koole Shipping, a leading liquid bulk shipping transport provider (short-sea and inland) of edible oils and fats, has been acquired from Koole Terminals, by Volharding Tankrederij.

Koole Terminals is a pan-European company employing more than 600 employees and offering integrated logistics solutions from 11 storage facilities to the liquid bulk market. It is fully owned by institutional investors advised by JP Morgan Asset Management.

Koole Shipping, founded in 1943, operates 11 barges, which are predominantly active in the Netherlands, Belgium and Western Germany, and three coasters, which provide transport services between the Netherlands, the UK and Germany. By operating both barges and coasters, Koole Shipping is able to offer integrated supply chain logistics solutions and a high quality service offering to a loyal and dedicated long-term customer base.

Volharding Tankrederij is a joint venture between VEKA Shipping, VMS Shipping and Scheepvaartbedrijf Dari. VEKA Shipping is active in the development, construction and sale of a wide range of ships. VMS Shipping offers a full range of management services to fleet owners and individual vessels and Scheepvaartbedrijf provides inland shipping transport services, focusing on dry cargo, containers, liquid chemicals, and mineral products.

IMAP Netherlands has ample experience and an unrivaled track record in the Transport and Logistics market, bringing knowledge of the most recent trends and developments in the sector. Throughout this transaction, it leveraged its expertise and well-developed network in the sector to facilitate a competitive sales process, resulting in a transaction at attractive terms and conditions with the most suitable buyer.

The IMAP Netherlands team, comprising Remco Schouten, Cees van Vliet, and Steven Klaren, advised Koole Terminals on the successful sale of Koole Shipping and supported them throughout the transaction process.