Kreston Reeves supports Fortuna Ltd with business acquisition deal

November 5, 2024

Kreston Global member firm Kreston Reeves supported Fortuna Ltd in its business acquisition of Holyhead Towing Company Ltd, a strategic move that bolsters Fortuna’s offerings and expands its market reach.

Fortuna Ltd, based in Stanley, Falkland Islands, is a market leader in the sustainable seafood industry. The acquisition of Holyhead Towing diversifies Fortuna’s portfolio and extends its reach into new service areas.

Holyhead Towing Company Ltd, located on the Isle of Anglesey in North Wales, has deep-rooted connections to the Falkland Islands and operates a fleet of 15 vessels. These vessels support energy, marine civil engineering, dredging, and renewable energy projects across Europe, Africa, the Arabian Gulf, and the Indian Ocean.

The transaction advisory services provided by Kreston Reeves were led by Corporate Finance Director Craig Dallender, and supported by a comprehensive team including Partner Tom Wacher, Corporate Tax Senior Manager Mohammed Mujtaba, and Corporate Finance Manager Sakshi Gupta. Kreston ITH and Breaking the Mould Accounting Limited contributed international tax support, while Pinsent Masons provided legal advice.

Craig Dallender said, “We are proud to have supported Fortuna Ltd through our transaction advisory services for this significant acquisition. The successful completion showcases the extensive expertise at Kreston Reeves and our ability to navigate complex, cross-border transactions.”

James Wallace, Managing Director of Fortuna Ltd, noted, “This acquisition is a major milestone for Fortuna. It strengthens our capabilities and offers new opportunities for growth. We thank Kreston Reeves and Pinsent Masons for their invaluable assistance throughout the process.”

James Burns, Managing Director of Holyhead Towing Company Ltd, added, “This marks an exciting new chapter for our company, allowing us to invest in our future with a focus on safety, quality, and innovation. We extend our gratitude to all involved for their support.”

If you would like Kreston Global to support you with transaction advisory services, please get in touch.