Champ Snags Majority Stake In Aussie Shipper Sea Swift

Law360, New York (October 19, 2012, 12:42 PM EDT) -- Middle market private equity firm Champ Ventures Pty. Ltd. and one of its investors bought a majority interest in Australian shipper Sea Swift, the company said Friday, a deal that comes as demand ticks up for infrastructure and transport services for the country's energy industry.

Neither Champ nor its partner, fellow private equity house HarbourVest Partners LLC, revealed the purchase price, though Champ is currently investing its seventh fund and targeting deals valued between AU$20 million (US$20.7 million) and AU$85 million. They also did not name...
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