Rightship’s New Minority Investor to Elevate Technological Growth

Announcement

Rightship, an emerging global ESG-focused digital maritime platform enabling expertise in sustainability, social responsibility, and safety practices, has now been granted a new minority investor, Permira, presenting as a minority shareholder to further leverage AI-based growth and technology. The investors' support for the Rightship will strengthen the mission of zero harm to individuals and the environment mission of technology-based growth. The funds suggested by Permira, the leading investment firm, are ready to acquire a position of minority stake in the company. This new investment will continue to look after existing shareholders Cargill, Riot into, and BHP, all shareholders standing with equal stakes as decided from the effective investing date.

The Rothschild and Co. presented on behalf of Rightship and its shareholders as a financial advisor throughout this strategic investment partnership. The transaction to this investment is subject to customary regulatory approvals to be officially avail in the coming months. Having this new investor in Rightship's workflow will enhance its technological development and provide excellent digitalization for its maritime platform. The Rightship will be able to implement advancement in the digital maritime platform.

Views and Statements from the Company Leaders

Chief executive officer of Rightship, Steen Lund, said, “This investment is a robust commercialization of our valuable strategy involving the greatest impact. With Permira’s global expertise and scalability in M&A and technology, and its constant contribution to the founding shareholders, it will elevate investment in our data, AI, products, and inspire individuals to skyrocket Rightship’s expansion and relevance. Further, it improves our mission of zero harm to the environment and individuals.”

Partner at Permira, Daniel Tan, said, “Rightship plays a crucial role in enhancing safety and empowering transparency in the maritime industry. The company’s data offerings and services stand strong on its AI-boosted platform to introduce excellent decision-making, workflow automation, and deep insights to major stakeholders. The innovation is the heart of Rightships as products' first-ever growth investors. We are excited to partner with existing shareholders and management on this thrilling journey.”

The representatives of Cargill, Rio into, and BHP proudly stated in the joint statement, saying, “Being a founding shareholder, we are excited to welcome Permira and reaffirm our multi-year commitment to the Rightship. The alliance of complementary potency and fresh capital with Permira as a part of the shareholder group has ranked Rightship at the top in providing efficient, sustainable, and safe solutions for the maritime ecosystem."