Equistone-backed ChartCo merges with Marine Press

The combined company will operate under the name OneOcean in 2020; until then, existing sales and service operations of both ChartCo and Marine Press will continue, and customer operations will remain unchanged.

The merger will be financed by Pemberton, which closed its Pemberton European Mid-Market Debt Fund II on €3.2bn in August 2019.

Equistone invested in ChartCo in June 2016 through Equistone Partners Europe Fund V, which closed on €2bn in 2015. This merger is ChartCo's third acquisition under Equistone's ownership, buying Docmap in April 2017 and Marine Position in June 2017.

Marine Press is backed by Champlain Financial Corporation.

Company
Based in Montreal, Canada and founded in 1992, Marine Press offers marine navigation software and products.

People
Equistone Partners Europe – Tim Swales (partner).
ChartCo – Martin Taylor (CEO).
Marine Press – Nicholas Bourque (president).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Equistone Partners Europe
• Pemberton Asset Management
• United Kingdom
• Build-up