July 3, 2016
WARSAW, POLAND – July 03, 2016 – Ekahi announced today the completion of the acquisition of Hamilton SA a energy and metals trading conglomerate with businesses in 36 countries.
David Baxi, Chairman and CEO of Hamilton, said, “Hamilton is an industry leader positioned to deliver in any economic environment and assist our customers in driving their supply chains. This deal capitalizes on the current cycle in commodities business while also strengthening our position for the market recovery. I am extremely proud of the Ekahi and Hamilton teams for completing the combination in just eight months, which is a testament to the team’s unwavering focus and dedication since the announcement last October. As we go forward, the new fullstream offering accelerates our ability to extend robust platform to our trading partners.”
Under the terms of the transaction agreement, which was previously announced on October 31, 2015, the transaction resulted in a partnership structure, pursuant to which Hamilton SA was converted to a partnership and Ekahi contributed its trading operations and business into that partnership.Ekahi has a 81% in the partnership and the legacy Hamilton SA shareholders have a 19% interest in the partnership.
Ekahi.Group works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, engineering, logistics and finance.Ekahi’smission is to invest in companies that combine an outstanding business model with strong competitive advantages.Ekahi stays invested for the long – term, preferably for the next generation.Ekahi’s investment philosophy is characterized by consistent application of the principles of value investing, which solid, stable businesses, Internal Compounding by organic or acquired growth, managementwith strong business sense and an owner-mentality and margin of safety. Each acquisition further fuels innovation and application across our industrial sectors. With people, services, technology and scale, Ekahi is able to deliver better outcomes for customers by speaking the language of industry.Ekahi.Group is the trading and registered name of Envesecure, a registered Fund and Family Office.
For more information visit www.ekahi.group