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Announced

KKR to acquire Ocean Yield from Aker Capital for $829m.

Financials

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Transaction Value£598m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium26%
One Off Charge-

Tags

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Public

Marine Transportation

Acquisition

Private Equity

Friendly

marine transportation

Majority

Cross Border

Norway

Pending

Single Bidder

Synopsis

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KKR & Co agreed to acquire Ocean Yield, a ship owning company with investments in vessels on long-term charter, from Aker Solutions, an engineering company based in Oslo, for $829m. "We are pleased that KKR, a leading global investment firm with a strong track-record in successful partnerships, is becoming a strategic partner to us to further strengthen Ocean Yield as a leading maritime leasing company. By leveraging KKR’s capital, expertise and network, Ocean Yield will be well positioned to develop the business with the intention to build a substantially larger company. The team is excited for the next phase of developing Ocean Yield," Lars Solbakken, Ocean Yield CEO.

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