Morgan Stanley Infrastructure Partners Announces Investment in The Pasha Group
01 April 2024 - 11:00PM
Business Wire
Morgan Stanley Investment Management (“MSIM”), through
investment funds managed by Morgan Stanley Infrastructure Partners
(“MSIP”), a private infrastructure investment platform within MSIM,
today announced it has provided an unsecured term loan to The Pasha
Group (“Pasha” or the “Company”), a family-owned maritime
transportation company, to support continued infrastructure
investment in the Hawaii trade.
Comprised of multiple business lines, the Company’s largest
segment is Pasha Hawaii, an ocean freight and automobile shipping
business operating in the U.S. West Coast-Hawaii shipping market.
Pasha Hawaii provides critical transportation infrastructure
required to support Hawaii’s population, featuring state-of-the-art
vessels with over 40-year useful lives. With limited on-island
inventory and storage capacity in Hawaii, MSIP believes Pasha has
well-established its position in the U.S.-Hawaii trade landscape,
securing the timely and essential delivery of goods to the
islands.
“We are excited to partner with The Pasha Group, a company with
strong market positioning, resilience, and a stable long-term
growth profile,” said Daniel Sailors, Managing Director for MSIP.
“We believe Pasha provides a critical and recurring service to the
people of Hawaii and we welcome the opportunity to continue to be a
capital partner to the Company going forward.”
Kirkland & Ellis LLP served as legal counsel for MSIP. Nixon
Peabody LLP served as legal counsel for The Pasha Group, with BofA
Securities, Inc. serving as capital markets advisor.
About The Pasha Group
The Pasha Group is a family-owned, third-generation diversified
global logistics and transportation company that provides ocean
transportation for containers and rolling stock between the U.S.
West Coast and Hawaii; port processing services for finished and
privately owned vehicles; stevedoring for vehicles, breakbulk and
container cargos; auto hauling services with its truck fleet
throughout the contiguous U.S.; domestic and international
relocation services; nationwide container and trailer trucking,
LTL, and port warehouse services, container drayage services
throughout California, international logistics management for
general commodity and project cargoes, Offshore Wind support
services in ports and offshore, and clean energy transition
services in ports and maritime fleets.
About Morgan Stanley Infrastructure Partners
Morgan Stanley Infrastructure Partners ("MSIP") is a leading
global private infrastructure investment platform with
approximately $16 billion in assets under management1. Founded in
2006, MSIP has invested in a diverse portfolio of over 35
investments across transport, digital infrastructure, energy
transition and utilities. MSIP targets assets that provide
essential public goods and services with the potential for value
creation through active asset management. For further information
about Morgan Stanley Infrastructure Partners, please visit
www.morganstanley.com/im/infrastructurepartners.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,300 investment
professionals around the world and $1.5 trillion in assets under
management or supervision as of December 31, 2023. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
- AUM reflects assets managed by MSIP platform since
inception.
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Morgan Stanley Media Relations Contact: Alyson Barnes
Alyson.Barnes@morganstanley.com
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