Duff & Phelps Advised Gibdock on its Sale to TTG Advisers
About Gibdock Limited
Gibdock Limited (“Gibdock”) provides the highest standard in shipyard services in one of the most convenient locations in Europe. Strategically located in Gibraltar, between the Atlantic ocean and the Mediterranean sea, the Company offers repair, maintenance, and conversion services in its dry docks and a protected deepwater port. Its commercial ship repair and conversion services include steel, pipe, painting and blasting, mechanical and main engine, tail end, and electrical.
About TTG Advisers
The Tokarz Group Advisers (“TTGA”) is an investment adviser with expertise in making long-term debt and equity investments in lower middle-market companies to fund growth, acquisitions and recapitalizations.
Role of Duff & Phelps
Duff & Phelps was retained as the exclusive financial advisor to the shareholders of Gibdock to provide merger and acquisition advisory services in connection with a sale transaction.
Gibdock was acquired by TTGA. The transaction closed in January 2012.