Marco Polo Marine raises S$21 million via private placement

Financing Offshore Wind announced Singapore Mar 5, 2026

USD21M

Deal Value

Marco Polo Marine Ltd. raised S$21 million through a private share placement to fund business expansion, particularly in the offshore wind energy sector.

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Counterparts (11)

Developer

Marco Polo Marine

company

Singapore-based marine logistics company established in 1991, operating a fleet of offshore support vessels and a shipyard in Batam, Indonesia. It provides services for the offshore oil and gas, and increasingly, the offshore wind farm industries across Southeast Asia.

Investor

Areca Capital

company

Petaling Jaya-based licensed fund management company managing over RM3.5 billion (approx. $0.74 billion) in assets as of 2023. Focuses on unit trust funds and private mandates, primarily investing in equities, fixed income, and money market instruments.

Asdew Acquisitions

company

London-based private investment vehicle established in 2017, primarily focused on acquiring minority stakes in operational transport infrastructure assets within the UK. Its notable investment includes a 30% stake in the M6 Toll road, valued at approximately $750M. No public corporate website is available.

Astral Value Fund VCC

company

Singapore-based Variable Capital Company (VCC) focused on alternative investments, including infrastructure. Managed by Astral Asset Management Pte Ltd, it seeks to generate superior risk-adjusted returns by investing in a diversified portfolio across Asia Pacific and global markets.

Evolve Capital Management

company

Dallas-based private equity firm founded in 2005, focused on lower middle-market companies with enterprise values between $10 million and $100 million. While primarily investing in business services, industrials, and consumer products, its portfolio includes companies providing critical power solutions and equipment for digital infrastructure, telecom, and industrial sectors.

Ginko-AGT Global Growth Fund

company

Ginko-AGT Global Growth Fund is a global investment fund focused on infrastructure growth opportunities across various sectors and geographies.

ICH Synergrowth Fund

company

ICH Synergrowth Fund is a private equity fund managed by ICH Asset Management, headquartered in Singapore, focusing on high-growth companies across the Asia Pacific region. The fund invests in key sectors including technology, healthcare, consumer, and infrastructure.

Value Partners Hong Kong Limited

company

Value Partners Hong Kong Limited is a Hong Kong-based asset management firm with US$5.2 billion in assets under management as of December 2023. While primarily focused on public equities and fixed income, its alternative investment strategies, including private equity and real estate, may encompass infrastructure-related assets, with a strong emphasis on Greater China and the broader Asia Pacific region.

advisor

Maybank Securities Pte. Ltd.

company

Maybank Securities Pte. Ltd. is the Singapore-based securities and investment banking arm of Maybank, established in 1972. It provides advisory, capital markets, and brokerage services, actively participating in infrastructure financing and M&A across Southeast Asia.

Seller

Penguin International Limited

company

Buyer

Michael Kum

company

M&L Hospitality is a Singapore-based private investment firm founded by Michael Kum in 2009, specializing in acquiring and developing premium hotel assets. It manages a portfolio of over 20 hotels across Europe, Australia, and Asia, with an estimated portfolio value exceeding $3 billion.

Source Intelligence

KEY DETAILS

The placement comprises the issuance of 144,865,920 new ordinary shares at an issue price of S$0.145 per share. The net proceeds will be utilised to support the Group’s project pipeline and fund capital expenditure in line with its business expansion plans. This capital injection enhances the Company's balance sheet and provides the financial flexibility to accelerate its expansion initiatives, particularly in the offshore wind energy sector. The funds will support the Group’s ongoing efforts to enhance its fleet of specialised vessels to meet the accelerating demand for sustainable marine logistics solutions in Asia.

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Deal Size

raised gross proceeds of approximately S$21 million.

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Financials

raised gross proceeds of approximately S$21 million.

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Announcement

March 05, 2026

PARTIES MENTIONED IN SOURCE

Marco Polo Marine Ltd. developer

"Marco Polo Marine Ltd. ... announced the completion of a private share placement"

Maybank Securities Pte. Ltd. advisor

"Maybank Securities Pte. Ltd. is the Placement Agent"

Areca Capital investor

"Placement attracted institutional investors (in alphabetical order) such as Areca Capital"

Asdew Acquisitions investor

"Asdew Acquisitions"

Astral Value Fund VCC investor

"Astral Value Fund VCC"

Evolve Capital Management investor

"Evolve Capital Management"

Ginko-AGT Global Growth Fund investor

"Ginko-AGT Global Growth Fund"

ICH Synergrowth Fund investor

"ICH Synergrowth Fund"

Lion Global Investors Ltd investor

"Lion Global Investors Ltd (as investment manager for and on behalf of its clients)"

Value Partners Hong Kong Limited investor

"and Value Partners Hong Kong Limited"

high quality Enriched Mar 7, 2026

Timeline

Announced

Mar 5, 2026

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.megaproject.com

View Full Deal Details

Marco Polo Marine raises S$21 million via private placement

Counterparts (11)

Source Intelligence

Timeline

Source

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