25 March 2025

Tufton completes Management Buyout

Tufton has completed a management-led buyout of all the equity interests in Tufton previously held by a European Family Office. This carefully planned buyout has greatly increased the ownership stake of, and control by, senior management in line with the leadership strategy developed over the past few years. There are no changes to the Tufton team and our service levels will be unaffected by the transaction. Tufton has $1.5bn+ of mandated assets across a number of funds, including Tufton Assets Limited and Stainless Tankers ASA which, as at 31 December 2024, had a NAV of $428.9m and $103.8m respectively.

Andrew Hampson (Tufton Group CEO) and Nicolas Tirogalas (Tufton Group CIO and President) said, “We are very pleased and excited with the outcome of the management-led buyout. This is the result of a carefully planned process that leaves the existing business in its current, healthy form and further strengthens and aligns management incentives with future growth opportunities.  We also wish to thank the outgoing shareholder for their cooperation over the past few years and for their support in completing this transaction.”