KKR-backed Ocean Yield to acquire a 34% stake in Geogas LNG from CVC DIF.

KKR-backed Ocean Yield, a shipping company in Fornebu, Norway, agreed to acquire a 34% stake in Geogas LNG, an operator of long-haul LPG on large and mid-size gas carriers, from CVC DIF, a global mid-market infrastructure equity fund manager. Financial terms were not disclosed. "We are pleased to partner with NYK, Geogas Maritime and Access Capital Partners for our first transaction in the LNG segment. FLS controls a fleet of modern LNG carriers with a low carbon footprint and long-term charters to investment grade-rated counterparties," Andreas Røde, Ocean Yield CEO.