Ardmore Shipping's original private equity backer is selling its remaining stake in the company for over $45m.
GA Holdings, part of the Reg Jones-backed Greenbriar Equity Group, is offering 5,579,978 shares at a price of $8.10 per share, the company said today.
The Greenbriar fund was set up in 2007 and has now reached the end of its investment horizon, making the disposal necessary rather than representative of tanker market dynamics, market sources say.
