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News Banking & Finance 16th Dec 2020

Freeths advise Richard Jennings and Independent Port Capital Management

Freeths LLP, led by Banking & Finance partner, Ed Hall, is delighted to have advised Richard Jennings and Independent Port Capital Management on their management buy-in of market-leading port handling and logistics company, JST Services (Scotland) Limited.

The MBI team is undertaking a buy-and-build strategy in the UK port sector with JST Services at its core. Shard Credit Partners provided a £12 million loan facility to fund the MBI which will enable JST and the its new management team to expand its core offering through the upgrading of its crane fleet and to fund a series of bolt-on acquisitions.

Richard Jennings, CEO at JST Services said, “Ed was a pleasure to work with. He was very responsive and his calm and diligent approach was very reassuring. The team at Freeths LLP did an excellent job to help us close the deal.”

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