Marine Money International named the acquisition and subsequent sale of Chembulk Tankers LLC its 2007 “Private Equity Deal of the Year.”

February 8, 2008
Marine Money International

Seward & Kissel LLP, through Derick Betts, acted as counsel to MT Maritime, the original seller of Chembulk, and through Larry Rutkowski and Michael Timpone, acted as counsel to Merrill Lynch and Lehman Brothers in connection with the refinancing of the Chembulk Tankers’ corporate debt facility. Marine Money International observed in its description of the refinancing, “This is the way every deal should work.”