Milbank LLP has advised ICG, the global alternative asset manager, in reaching an agreement to support the founders of Navarino, Dimitris and Panos Tsikopoulos, in their next stage of growth. Navarino, a leading maritime technology company, has established itself over the past 25 years as a trusted partner to vessel owners and managers worldwide, delivering a comprehensive suite of critical technology, connectivity and cybersecurity services. Navarino’s consistent growth and commitment to innovation has positioned it as a market leader. As part of the transaction, Navarino’s founders will reinvest in the business, while existing investor Viasat will divest its minority stake. ICG will collaborate closely with Dimitris and Panos Tsikopoulos, who will retain control of the company, providing a bespoke financing solution to support their long-term strategic objectives. The Milbank team was led by partners Jordan Simpson and James McClymont, assisted by Drew MacDonald, Daniel Carolan, Despoina Mangel, Chara Makrygianni, Mhairi Sinclair, Archie Hunt and Emma Bulloch. Specialist sanctions advice was provided by partner Bijan Ganji, alongside special counsel Mark Padley and Pinky Mehta, with support from associates George Widdicombe and Bridget Golob. Special counsel Shaul Steinberg addressed tax aspects, with assistance from trainee solicitor Jamie Chen. Apostolos Gkoutzinis, corporate finance partner, advised on the financing aspects of the transaction.