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Investment Overview

U.N. RoRo is the largest roll-on/roll-off vessel operator in the Mediterranean providing fully-integrated transport solutions for the Turkish trucking industry

In 2014, Esas invested jointly with Actera, the largest Turkish PE fund.

Value-Add
EBITDA (€ mn)
2014
73
2015
84
2016
81
2017
95
Net Debt / EBITDA
2014
7.6
2015
6.2
2016
6.0
2017
5.1
Re-designed the organization structure and created a performance culture
Established a sales department and adopted a customer centric approach
Increased end-user awareness and customer retention
Acquired new customers in the UK and North Africa through destination-based pricing and deploying a third vessel in the France route
Started stop-over services from Ambarlı (a major port in the Marmara Sea)
Expanded the intermodal train connections from the Trieste port to various European destinations
Acquired the neighboring port in Trieste, made various infrastructure investments and significantly increased the train connections and capacity
Extended the concession period of the Trieste Port for 25 years
Lengthened two vessels which extended capacity by 23% with minimal increase in bunker consumption
+5%
Volume CAGR over 3 years which overperformed market growth of 3%
82%
Capacity Utilization rate increased from 77% to 82%
3.9x
Return generated by the sale for Esas
EXIT

In June 2018, the Company was sold to DFDS Group of Denmark for a total consideration of $1.1bn

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