Triton sells Nordic Tankers to trade

The GP made the divestment from The Triton Fund III, a €2.25bn vehicle that held a final close in February 2010.

MOLCT said the acquisition of NT I will create a stronger platform for the stainless-steel chemical tankers business.

Previous funding
Triton bought NT in 2012 with the intention of merging it with Herning Shipping. The distressed business was valued at $30m at the time.

Triton said it had since strengthened it through initiatives such as recruiting a new management team, investing in new vessels and participating in consolidation through the Crystal Nordic joint venture, which was sold separately last year.

Herning was also sold separately last year in a trade sale to ANE Shipping.

Company
NT was founded in 1984 and is headquartered in Copenhagen. The company transports specialised liquid products in bulk for large chemical producers and oil majors.

People
Triton Partners – Peder Prahl (founding partner).
Nordic Tankers – Per Sylvester Jensen (CEO).

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• Triton Partners
• Trade sale
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