Portfolio Management

RMS Europe Group

In July 2007 the Growth Capital team announced a successful exit from shipping and cargo handling business RMS Europe Group (“RMS”) via a secondary buy-out. The sale represented a full exit for Aberdeen’s investors and generated a return in excess of 2x the cost of the original investment.

Aberdeen originally led the management buy-out of RMS in July 2004. Aberdeen later appointed Mike Fell OBE as Chairman, a ports industry veteran and former director of Associated British Ports. In February 2006 RMS acquired Freshney Cargo Services, doubling the number of berths it operated.

Andy Glennon led the exit on behalf of Aberdeen.