Kester Capital

Garrets International

Sector
Services
Status
Realised
Date of investment
2012
Key contacts
Cameron Crockett
Visit website
www.garrets.com

Garrets International

Garrets International (“Garrets”) is the global leader in outsourced marine catering management for the commercial shipping industry. Garrets manages approximately 1000 vessels on behalf of some of the largest names in world shipping. The market for outsourced marine catering management is in the early stages of development but is growing rapidly due to the increasing awareness of the benefits of outsourcing which include quality and cost control as well as crew welfare and regulatory compliance.

Garrets was sold to Wrist Ship Supply in January 2016, delivering a return of 3.2x to Kester Capital funds and a 38% IRR.