28. März 2023
We have advised Graig on its sale of Idwal Marine Services, a global leader in vessel inspections, benchmarking and analysis to its management team and private equity investor LDC.
Founded in 2010 by Graig Shipping PLC, Idwal is a leading provider of tech-enabled inspection services for the global commercial shipping sector. Its Idwal Grade® asset condition rating enables sector per-group benchmarking and has become a recognised standard in the industry.
Graig, a 100-year-old UK based entrepreneurial global shipping group, specialises in structuring, advising and leading investments in services and shipping assets in the international marine market. Idwal was a further example of the group’s successful track-record of developing “best in class” marine based business innovations and ventures.
Corporate Partner at Taylor Wessing, Andrew Edge said: "It was a pleasure to work with Graig's team for the first time and we look forward to continue working with them in its next chapter of growth."
The team was led by corporate partners Andrew Edge and Christopher Cowley and associate Angela Petrevska. Further support was provided by associate Calum Parfit in the Commercial Technology and Data team, senior associate Sarah Bolton in the Real Estate team, and partner Liz Wilson in the Tax & Incentives team.