- ICG and Navarino form partnership to accelerate company’s growth
LONDON, United Kingdom – Global alternative asset manager ICG announced on January 5 it has signed an agreement to partner with maritime technology firm Navarino. The partnership is intended to support Navarino’s next stage of growth and will see existing investor Viasat divest its minority stake.
What is new?
ICG’s European Corporate team has entered into an agreement to provide a bespoke financing solution for Navarino, a maritime technology company. The partnership aims to accelerate the company’s growth, with the transaction expected to close by the end of March 2026, pending regulatory approvals. The financial terms of the deal were not disclosed.
Key Details
As part of the agreement, Navarino’s founders, Dimitris and Panos Tsikopoulos, will reinvest in the business and retain control of the company. ICG will collaborate with the founders to support their long-term strategic objectives. Stelios Elia, European Corporate Managing Director at ICG, stated that Navarino “exemplifies the qualities we seek in a partnership: an ambitious, founder-led business delivering mission-critical solutions in a resilient, growing market.”
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Transaction Structure
The transaction will result in the divestment of Viasat’s minority stake in Navarino. Upon the closing of the deal, Viasat will no longer hold an equity interest in the maritime technology firm. ICG’s investment is designed to provide a new financing structure to support Navarino’s future expansion.
About this partnership
Navarino is a maritime technology company that has operated for over 25 years, providing technology, connectivity, and cybersecurity services to vessel owners and managers worldwide. ICG is a global alternative asset manager listed on the London Stock Exchange, with its European Corporate team managing the new partnership.-
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