Seaham Harbour Sold by 3i Group to Victoria Group in Deal Brokered by Clearwater International

Clearwater rådgiver

Seaham Harbour Dock Company, the integrated cargo handling, warehousing and distribution facility, has been sold by 3i, Europe’s leading venture capitalist company to the Plymouth-based Victoria Group in a multi-million pound deal which has been structured, led and arranged by Clearwater International. The deal will see Victoria Group capitalise on the significant growth and development opportunities including further land development and property development and increased trade through the Port. Its North East location will also provide Victoria Group with an excellent pathway into the increasingly important Baltic trade routes.

“This is a great deal for the business, its shareholders and the new owners, Victoria Group. The shareholders are achieving their exit following the successful relocation to Cargo Durham whilst Victoria Group, who have three port operations in Plymouth, Sharpness and Liverpool are increasing their regional coverage. It’s a natural fit which should also provide enhanced development opportunities in and around Seaham.”

Paul Jones, Partner, Clearwater International