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New Deal


Announced

Completed

Goldman Sachs Asset Management completed the acquisition of Froy from Salmar for $600m.

Financials

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Transaction Value£481m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.7x
EV/EBITDA8.14x
Share Price Premium50%
One Off Charge-

Tags

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Majority

sea freight

Cross Border

Friendly

Acquisition

Norway

Private Equity

Single Bidder

Public

Marine Transportation

Mandatory Offer

Completed

Synopsis

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Goldman Sachs Asset Management, a provider of institutional and individual investors with investment and advisory solutions, completed the acquisition of Froy, a supplier of vessel services such as wellboat and sea freight, from Salmar for $600m. “We are excited to invest in Frøy, as one of the leading companies providing mission-critical transportation and support infrastructure to the aquaculture industry. Wellboats and service vessels are vital to enabling best-in-class farming practices and Frøy is at the forefront of driving sustainability. We look forward to partnering with Frøy and its management team, employees and long-standing customers in supporting long-term growth and value creation,” Tavis Cannell, GSAM Global Co-Head of Infrastructure.

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