CapMan and CBRE completed the investment in Norled.

CBRE and CapMan, a Finnish private equity fund, completed the investment in Norled, a Norwegian ferry and express boat operator. Financial terms were not disclosed. “The Norwegian ferry industry is a critical part of the country’s transportation infrastructure. We believe that the green shift in the industry further highlights sea transportation as a sustainable solution, supporting both the connectivity within and between regions for daily commuters and leisure travellers, while creating jobs and economic growth. CBRE Caledon has proven to be a great partner to CapMan in this investment given their experience in the ferry sector, competent team and deep understanding in infrastructure investing. We are impressed with Norled’s management and employees and are looking forward to continuing the successful journey together to further improve operations for the benefit of the company’s customers, employees and communities,” Ville Poukka, CapMan Infra Managing Partner.