Dubai's Shuaa Capital-led consortium buys $308mln debt of Stanford Marine

UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s (SMG) AED 1.13 billion ($308 million) facility. SMG, a diversified offshore services company focuses on chartering, building and repairing offshore support vessels for the oil and gas industry. The restructuring is expected…