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Terminal News

I Squared Capital & Rubis agree JV over Rubis Terminal

I Squared Capital & Rubis agree JV over Rubis Terminal
I Squared Capital and Rubis will form a joint venture partnership through an investment in Rubis Terminal.

As part of the agreement, I Squared Capital will acquire 45% of the shares in Rubis Terminal and will jointly control the company alongside Rubis.

Rubis Terminals comprises 13 facilities and a capacity of 3.5 million m3 to provide critical bulk liquid storage infrastructure to a diversified base of industrial customers and across a broad range of petroleum, chemical and agri-food products. The partnership will accelerate Rubis Terminal's strategic plan to strengthen its position within its current footprint, diversify its product offerings and explore expansion outside of Europe.

Adil Rahmathulla, managing partner at I Squared Capital, says: 'The exclusive transaction with a listed industrial company is the result a deep relationship developed over many years.

'The existing portfolio provides a strong foundation for building Rubis Terminal into a leading storage company using the I Squared Capital platform approach of operational optimisation, bolt-on acquisition and select greenfield.'

The closing of the transaction should take place during the first half of 2020.



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