RightShip has agreed a deal with investment firm Permira, which will acquire a minority stake in the company to support its growth.
Founding shareholders BHP, Cargill and Rio Tinto will each retain their equal stakes in the business, which provides an ESG-focused digital maritime platform.
RightShip had announced in May of this year that it was exploring strategic options to bring in a new minority investor to support its ambitions to expand its data, technology and AI capabilities.
“This investment is a strong endorsement of our strategy and impact,” said Steen Lund, Chief Executive Officer at RightShip.
“With Permira’s global scale and expertise in technology and M&A and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.”
BHP, Cargill and Rio Tinto said in a joint statement that they welcomed Permira’s investment and reaffirmed their long-term commitment to the business.
The deal remains subject to regulatory approval.
