Celao Capital guides Mazagon to secure Colombo Dockyard’s controlling stake

Representatives from Mazagon Dock Shipbuilders, Colombo Dockyard and Celao Capital in Mumbai at the momentous occasion

Celao Capital (Pvt.) Ltd, a member of RNH Ventures, a boutique consulting and transaction advisory firm, announced that it has successfully completed advising Mazagon Dock Shipbuilders Limited to acquire a controlling stake of Colombo Dockyard PLC. 

This landmark deal marks a pivotal moment in the sector and highlights Celao Capital’s expertise in navigating complex transactions. 

With this acquisition, Colombo Dockyard will significantly benefit from a larger order pipeline, enhanced technological capabilities, global reach and the much-needed financial backing to take the company to greater heights. 

Mazagon Dock Shipbuilders will be acquiring the controlling stake from Onomichi Dockyard Japan. It is set to reshape the competitive landscape of the shipbuilding and repair industry in the region. 

“Our team of seasoned advisors worked diligently to facilitate this cross-border deal between Japan, India and Sri Lanka, overcoming various complexities involved in such significant transactions,” said Celao Capital Jt. Managing Director Dinuk Hettiarachchi. 

“This acquisition represents a strategic alignment of resources and capabilities between Mazagon Dock Shipbuilders and Colombo Dockyard positioning the entity for turnaround and long-term growth,” said Celao Capital Jt. Managing Director Dr. Nirmal De Silva.

“We are thrilled to have played a pivotal role in this transaction and look forward to seeing how this acquisition will enhance operational efficiencies and innovation.”

Mazagon Dock Shipbuilders, Mumbai, is an ISO 9001: 2015 company listed on the Bombay Stock Exchange and National Stock Exchange in India and is a leading public sector undertaking often referred to as the Shipbuilders to the Nation. The company’s current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, Mazagon Dock has grown rapidly to become the premier shipbuilding yard in India. The company has been recognised as a trusted entity across the world, driven by the commitment to service excellence and creating significant value for all stakeholders. 

Celao Capital continues to lead the way in providing exceptional transaction advisory services, with a comprehensive understanding of market dynamics and client needs. This successful acquisition is a testament to its commitment to achieving optimal outcomes for its clients.