Permira acquires minority stake in RightShip

The acquisition aims to accelerate technology and AI-led growth in maritime.

RightShip has announced a new minority investor that will fuel the former’s technology-led growth and mission of zero harm.

According to RightShip, the new investor is global investment firm Permira. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes.

“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,” said RightShip CEO Steen Lund.

Rothschild & Co acted on behalf of RightShip and its shareholders as financial advisor.

The transaction is subject to customary regulatory approvals to be obtained in the coming months.