HICO private venture acquires Bengal Tiger Line


Private equity venture HICO Investment Group (HICO) has acquired the assets of Bengal Tiger Line (BTL) from CMIA Capital Partners.

BTL wrote in a recent advisory: “The change of ownership from CMIA Capital Partners to HICO will not see any change in the management structure of Bengal Tiger Line, and the day-to-day business will remain as status quo and will continue without any form of disruption”.

It further added that HICO will bring value to its company through the knowledge, network, skills and culture of the businesses under the HICO umbrella.

READ: Bengal Tiger Line provides KCPT with Colombo connection

BTL mainly operates around the Indian subcontinent, Southeast Asia and the Arabian Gulf, with chartered vessels.

The company had initial roots in Hamburg, in 1986, and registration was subsequently transferred to Cyprus before the move to Singapore in January 2009.

In 2018, BTL was acquired by CMIA Capital Partners – a Singapore based Investment Fund.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.