Global Ship Lease (GSL) was created through a $1 billion spin-off from CMA CGM, the third largest liner operator in the world, effected by a merger in August 2008 between the CMA CGM-owned entity and Marathon Acquisition Corp (Marathon), a listed special purpose acquisition corporation (SPAC).
Marathon was established by Michael Gross, chairman and Chief Executive Officer of investment firms Solar Capital and Solar Senior Capital and a founder and former senior partner of Apollo Management L.P, a leading private equity firm. Mr. Gross is chairman of our Board of Directors
Both CMA CGM and Mr. Gross retain significant shareholdings in GSL.
Global Ship Lease, Inc. listed on the New York Stock Exchange on August 15, 2008.