A&O Shearman advises Flexam Invest on the refinancing of a vessel fleet for Jifmar

This transaction is part of Jifmar Group’s acquisition of Seacontractors’ workboat fleet, marking a key milestone in the group’s expansion strategy in the Middle East and the Indian Ocean, further strengthening its leadership in shallow-water maritime services.

To support this growth, Jifmar Group secured a EUR200 million financing package to refinance existing debt, fund the acquisition, and provide capacity for future expansion. The package includes a senior tranche complemented by a junior debt facility provided by Kartesia Asset Finance, under a strategy managed by Flexam Invest. This transaction reinforces Flexam Invest’s position as a leading asset-based lender in the maritime sector.