Celao Capital (Pvt) Ltd, a Member of RNH Ventures, a boutique consulting and transaction advisory firm, has completed advising Mazagon Dock Shipbuilders Limited to acquire a controlling stake of Colombo Dockyard PLC. This landmark deal marks a pivotal moment in the sector.
With this acquisition, Colombo Dockyard PLC will benefit from a larger order pipeline, enhanced technological capabilities, global reach, and the much-needed financial backing to take the company to greater heights.
Jt. Managing Director of Celao Capital, Dinuk Hettiarachchi said, Mazagon Dock Shipbuilders will acquire the controlling stake from Onomichi Dockyard Japan. It is set to reshape the competitive landscape of the shipbuilding and repair industry in the region. “Our team of seasoned advisors worked diligently to facilitate this cross-border deal between Japan, India and Sri Lanka overcoming various complexities involved in such significant transactions.”
Jt. Managing Director, Celao Capital, Dr. Nirmal De Silva said, “This acquisition represents a strategic alignment of resources and capabilities between Mazagon Dock Shipbuilders Limited and Colombo Dockyard PLC positioning the entity for turnaround and long-term growth. We are thrilled to have played a pivotal role in this transaction and look forward to seeing how this acquisition will enhance operational efficiencies and innovation.”
Mazagon Dock Shipbuilders Limited, Mumbai, (MDL) is an ISO 9001: 2015, company listed in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India and is a leading public sector undertaking often referred to as the Shipbuilders to the Nation. The company’s portfolio of designs spans a wide range of products for domestic and overseas clients. Since 1960, Mazagon Dock has grown rapidly to become the premier shipbuilding yard in India.
