Debevoise & Plimpton LLP is advising Naviera Ultranav Limitada (Ultranav) in the sale of its Ultragas ApS fleet and business activities to Navigator Holdings Ltd. (NYSE: NVGS), creating a combined entity with an aggregate net asset value of approximately $1.3 billion. The transaction unites two leading gas shipping companies, enhancing their safe, reliable, energy and environmentally efficient, marine transport services. For more information, please see the press release.

Ultranav is a privately owned shipping group with offices in 15 countries. Navigator owns and operates the world's largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases.

The Debevoise team is led by M&A partner Gregory Gooding and includes partners David Innes and Maurizio Levi-Minzi and associates Clarissa McNerney, Elina Sigal and Sergio Torres, and tax partner Richard Ward and associate Paul Eastham.