Celao Capital advices Mazagon in landmark transaction on Colombo Dockyard

Saturday, 28 June 2025 01:16 - - {{hitsCtrl.values.hits}}

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

“This landmark deal marks a pivotal moment in the sector and highlights Celao Capital Ltd.’s expertise in navigating complex transactions,” Celao said in a statement.

Mazagon Dock Shipbuilders Ltd., Mumbai, (MDL) is an ISO 9001: 2015, company listed in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) 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 Joint Managing Director Dinuk Hettiarachchi said: “Mazagon Dock Shipbuilders Ltd. 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.”

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

Celao also said with this acquisition, Colombo Dockyard PLC 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.

It said Celao Capital Ltd. will continue 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 our commitment to achieving optimal outcomes for our clients,” Celao added.

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