Source: TMC net

(Lloyds List Via Thomson Dialog NewsEdge) GOLDMAN Sachs has revealed an ambitious long-term strategy of investing in the port terminal sector by taking a slice of the largest operator in the US.

Goldman Sachs Infrastructure Partners, a $6.5bn fund started last year, has taken a 49% stake in Carrix, the Seattle parent of leading terminal operator SSA Marine.

Details of the deal were not immediately revealed, but Lloyd's List has learnt that 'significant investments' in Carrix's future growth have been promised.

A source familiar with the transaction said on condition of anonymity that the infrastructure fund visualised a much longer 'time horizon' for its investment than was common in financial circles.

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Posted by pichu at July 13, 2007 1:41 PM