The agreement consists of maritime restructuring situations globally and relates to an array of potential financial restructuring constituents, including borrowers, secured creditors, lessors, charterers, unsecured and trade creditors and equity participants.
Blackstone said that the cooperative effort will be staffed with senior professionals from each organization and will commence offering the services immediately.
Blackstone senior managing director Flip Huffard said that this new venture combines the world-class restructuring experience of Blackstone with the dominant maritime sector knowledge and global relationships of Dahlman Rose to create the leading advisory group for the maritime industry.
Dahlman Rose global head of Transportation Investment Banking Mark Schulte said that the firms’ goal is to expand the portfolio of value-added services and effect innovative solutions for clients during this challenging period in the maritime industry.
