The investment and asset manager MPC Capital AG has announced that the next phase of profitable growth will be backed by a new strategic shareholder. Thalvora Holdings GmbH, a subsidiary of Castor Maritime Inc., a company led by Greek entrepreneur Petros Panagiotidis, acquires a majority stake in MPC Capital AG at €7.00 per share.
Thalvora Holdings GmbH signed yesterday an agreement with MPC Münchmeyer Petersen & Co. GmbH (MPC Holding), the founding shareholder and long-standing anchor shareholder of MPC Capital since 1994, on the acquisition of 74.09% of the shares in MPC Capital AG.
Thalvora is a wholly-owned subsidiary of the Nasdaq-listed Castor Maritime Inc., which is led by its founder Petros Panagiotidis.
The closing of the share transaction is expected to take place in December 2024. Castor Maritime Inc. confirmed that the completion of the transaction is expected to take place during December but is subject to customary conditions for transactions of this type.
MPC Capital said in its release that the shareholder transition comes at a time where MPC Capital embarks on a new phase of development, targeting continued profitable growth and building on its established track record as an investment manager and operator within maritime and energy infrastructure.
“The agreement reflects the full alignment of the new anchor shareholder with MPC Capital’s current operational setup, headquartered in Hamburg, and strategic direction,” the statement reads.
Besides strategic and organizational aspects, the agreement also includes other key principles, such as the continuation and strengthening of the listing on the Frankfurt Stock Exchange.
Constantin Baack, CEO of MPC Capital AG, said: “MPC Capital has made remarkable progress over the recent years, establishing itself as a profitable and entrepreneurial investment and asset management company focused on maritime and energy projects.
“We have also built a thriving co-investment portfolio, reinforcing our growth trajectory. Our clear goal is to continue on the dynamic and profitable path.
“Over the past decades, MPC Capital AG strongly benefited from the partnership with MPC Holding. Building on this support, we now transition into a new chapter with Petros Panagiotidis as a new strategic anchor investor who supports the growth of our existing activities and established platforms.”
