Singapore’s SeaLead shipping line has been taken over by a group of four investors with the current managing director Henry Schmidl exiting the company.
In the interim period, SC Chan, a Liner executive and who was already a part of the SeaLead Management team, will serve as head of SeaLead.
The container and liner services specialist SeaLead said that with immediate effect it would be owned by Singapore’s Eurasia Capital, Cayman Islands-registered Access Capital Funds and Mauritius-based HCP Investments and Saral Incorp VCC SubFund, who will set up a new board of directors.
Eurasia Capital is a Singapore-registered equity and debt multi-purpose fund that invests in multiple geographies across various sectors.
HCP Investments is a Mauritius-based fund that invests across equities, debt notes, performance loans, derivatives as well as distressed assets across various markets and industries.
Access Capital Funds is a Cayman Islands-registered fund that employs multi-asset investment strategies across sectors and geographies.
Saral Incorp. VCC SubFund is a Mauritius-registered fund that employs multi-asset investment strategies across sectors and geographies.
“This change is not expected to lead to any disruption to SeaLead’s operations, ensuring a seamless transition for customers, employees, and partners,” reads the company’s statement.
