Montagu led the Management Buyout in July 2003 from Sea Containers.

The Steam Packet Company had a dominant position in the transportation of passengers and freight to the Isle of Man from ports in the UK underpinned by a long-standing user agreement with the Isle of Man government.

The Steam Packet represented a very high quality, secure and cash generative business growing in line with a robust Manx economy. These features made it ideal for a leveraged buyout and as such our success in buying this business was at the end of a fiercely fought private equity auction.

In October 2005 Montagu sold the Isle of Man Steam Packet Company to Macquarie Bank.

Deal details

Year of entry


Year of exit



United Kingdom



Industry Sector

Essential Services

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