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Article: Yucaipa Leads $2.0 Billion Global Restructuring of Eimskip.
- Article from:
- Investment Weekly News
- Article date:
- July 18, 2009
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Los Angeles based investment firm, The Yucaipa Companies, LLC ("Yucaipa") announced the $2.0 billion global restructuring of Hf. Eimskipafelag Islands ("Eimskip"), the largest shipping and logistics company in Iceland and the North Atlantic. Yucaipa worked with Eimskip and Landsbanki to formulate a strategic plan that would allow the company to return to its core shipping and logistics business. Yucaipa's commitment to fund new equity into Eimskip marks the first major investment by a U.S. firm since Iceland's economic meltdown.
Gylfi Sigfusson, CEO and President of Eimskip commented, "I am pleased to announce the involvement of Yucaipa with Eimskip, as I ...