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Announced

CBRE Investment Management to acquire the remaining 50% stake in Norled from CapMan Infra.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Cross Border

Private

Private Equity

Marine Transportation

marine transportation

ferries

Norway

Acquisition

Single Bidder

Pending

Majority

Synopsis

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CBRE Investment Management, a real assets investment management firm, agreed to acquire the remaining 50% stake in Norled, a ferry and express boat operator, from CapMan Infra, a private equity firm. Financial terms were not disclosed. “We believe Norled continues to be an attractive European transportation infrastructure investment opportunity due to the long-term availability-based contracts, which have contributed to the resilience of these assets, coupled with the support of the Norwegian government’s accelerated shift to green technologies. We have appreciated partnering with CapMan to grow Norled and now look forward to further advancing this pioneering ferry company,” Andreas Köttering, CBRE Investment Management Head of Europe Private Infrastructure.

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