Business News • MarketWire • Brock Capital Advises on $700mm Strategic Partnership Between Eletson Holdings and Blackstone |
Brock Capital Advises on $700mm Strategic Partnership Between Eletson Holdings and Blackstone |
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Brock Capital Advises on $700mm Strategic Partnership Between Eletson Holdings and Blackstone
NEW YORK, NY--(Marketwired - Oct 23, 2013) - Brock Capital ("Brock") today announced the formation of a joint venture between Eletson Holdings Inc. ("Eletson") and funds managed by Blackstone Tactical Opportunities ("Blackstone") to create Eletson Gas, a $700 million liquefied petroleum gas ("LPG") shipping company. As part of the agreement, Eletson will contribute its existing fleet of five medium-size gas carriers, and Blackstone will provide equity capital to finance the growth of the company through the construction of new-build vessels as well as through the acquisition of existing vessels. Operating and technical management of the Eletson Gas fleet will be provided by Eletson.
View More : http://www.marketwired.com/mw/release.do?id=1844296&sourceType=3
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