Stout served as exclusive financial advisor to Braemar on the sale of Braemar Wavespec to Wavespec Holding BV.
Wavespec provides engineering and other expert consultancy services and solutions to the gas processing, liquefied natural gas (LNG), and marine industries. The Buyer is financed by Cosmos Sicav PLC, an investment fund managed by Abalone Asset Management Ltd, who have committed to invest in energy transition.
Braemar is a leading international provider of shipbroking, financial, engineering, and logistics services to the shipping, marine, energy, and offshore industries. Wavespec formed part of the Braemar’s Engineering Division; however, as part of Braemar’s new strategy centred upon shipbroking, it was decided to divest Wavespec.