Financial firm Seabury Capital said it is starting a joint venture with industry advisors Paul F Richardson Associates (PFRA) to form a shipping-focused consultancy covering both financial and operational needs of companies.

Seabury, which specialises in middle-market finance and investment banking, says it will take over all business interests and executives from PFRA for the new “maritime-centric entity.”

The newly hatched Seabury PFRA will offer investment banking services, such as sales and divestitures, private placements, corporate valuations, strategic financial advisory, restructurings, and merchant banking capability.

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