Appleby Global Services (AGS) has worked with 1923 Investments, a subsidiary of Hili Ventures, to support it in the acquisition of a portion of Bermuda transportation specialist Teekay Tankers' oil and gas ship-to-ship transfer support services business.
The acquisition completed in the second quarter of 2020.
The establishment of the acquisition vehicle was led by the AGS Jersey team, working alongside the AGS Bermuda team, with related legal services provided by Appleby Jersey and Bermuda teams.
The ongoing relationship is being managed by the AGS Jersey team, led by Stephanie Dinning.
The Jersey business will provide directorship services to the acquisition vehicle, as well as full board support and administration services.
The AGS Bermuda team will provide registered office and company administration to the two acquired Bermudan companies.