Beatrice Russ Partner
Ince Co advises Fugro on US130 million sale and lease back of two vessels
ICON financed the acquisition of the vessels by loan facilities from a syndicate of lending banks Dutch stock exchange listed offshore operator Fugro is the world's largest integrator of geotechnical, survey, subsea and geosciences services Fugro is playing a key role in the search for the missing Malaysia Airlines flight MH370 in the Southern Indian Ocean They are a longstanding client of Ince Co's energy departmentThe sale and lease back of the Fugro Scout took place on 24 December 2015, with the Fugro Voyager following two weeks later on 8 January 2016 The net proceeds of the transaction will be used to reduce the company's debtnbsp The Ince Co team advising Fugro was led by finance partner, Beatrice Russ, and energy partner, Simon Hems, with assistance from Joe Snell, Stuart Plotnek, Lisa Howie and Shawn KirbyBeatrice Russ commented We were delighted to have been instructed to assist Fugro in this transaction, which was a first for Fugro, and was completed within a particularly challenging time-frame
Stuart Plotnek Managing Associate
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