Ocean Yield AS agreed to acquire 34% stake in France LNG Shipping from CIF I, CIF II fund managed by Dutch Infrastructure Fund B.V. on July 5, 2024. Ocean Yield AS, a ship-owning company with investments in vessels on long-term charters. Ocean Yield AS is wholly owned by KKR Global Infrastructure Investors IV, a fund managed by KKR.
FLS is a 50:50 joint-venture between Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and French company Geogas LNG. Geogas LNG is jointly owned by CVC DIF, Access Capital Partners and Geogas Maritime. The expected completion of the transaction in the second half of 2024.
Rothschild Europe B.V. acted as financial advisor for Dutch Infrastructure Fund B.V. Watson, Farley & Williams LLP acted as legal advisor for Dutch Infrastructure Fund B.V. Orrick, Herrington & Sutcliffe LLP acted as legal advisor for Dutch Infrastructure Fund B.V. FTI Consulting, Inc. acted as accountant for Dutch Infrastructure Fund B.V. KPMG International Cooperative acted as accountant for Dutch Infrastructure Fund B.V. Eight Advisory acted as accountant for Dutch Infrastructure Fund B.V. Marshberry International Coöperatief Ua acted as financial advisor for Dutch Infrastructure Fund B.V. Evelyne Bagdassarian, Ezio Dal Maso and Alain Gautron of Stephenson Harwood acted as legal advisor to Ocean Yield AS.