Wilsons' Corporate team has advised Richard Rivlin, the founder and principal shareholder, and the other shareholders of VesselsValue on the sale of the company to Veson Nautical, LLC.
Founded in 2011, VesselsValue provides a market leading online platform for ship valuations, market analysis and insights utilising a dataset of more than 81,500 vessels.
The multi-disciplinary Wilsons team was led by Head of Corporate James Johnson, with support from specialists from across the firm's Corporate, Employment and Corporate Tax teams.
The firm worked alongside Azets on the sale and also advised on the demerger of Aviation Values, the aviation valuation part of the VesselsValue business, which has been retained by Richard and the Aviation Values management team.
Richard Rivlin says: “James and his team did a fantastic job for us on what is an incredibly important milestone in the VesselsValue story. The transaction was complex and a challenging process which James and his team guided us through with great skill and dexterity. Through their hard work and diligence we managed to meet a very demanding timetable and successfully close the deal and we are very grateful to all the professionals who worked on the transaction for helping us achieve this.”
James adds: "We are very proud to have worked alongside Richard and his team at VesselsValue. Larger transactions of this nature always bring challenges and it is fundamental to our role to guide our clients and overcome the obstacles that inevitably come up. Getting the deal done on the timeline, given all of its complexities, was potentially difficult but, thanks to the input of everyone involved, was one that was achieved on time and in a very collaborative spirt. We wish everyone at Aviation Values and at VesselsValue well for the future and look forward to working with Richard and his team as they continue to build Aviation Values' offering."