Clyde & Co has provided legal counsel to Simpson Spence Young (SSY), a prominent independent shipbroker, on its recent acquisition of F3 Offshore Group, the offshore specialist shipbroker with offices in Hamburg and Dubai.
Following this strategic acquisition, SSY will open its 24th global office in Hamburg, Germany while expanding its existing presence in Dubai, UAE.
Established in 1880, SSY operates from Europe, UK, Middle East, Asia, and the Americas offering comprehensive services in major shipping and commodity locations. Meanwhile, founded in 2009, F3 Offshore were the first brokerage to specialise in North Sea renewables and have fast become a key player in both the North Sea and the Middle East respectively.
Clyde & Co acted as lead external counsel to SSY. The team was led by partner Philip O’Riordan (corporate, pictured left) and senior associate Afraz Hussain (corporate, pictured right) who were supported by senior associates, Amy Guest (employment), and Lee Rogers (employment); and associates Paul Kirk (corporate) and Sara Magdy (corporate).