A.P. Moller Holding has acquired Ocean Yield AS for an undisclosed amount. Ocean Yield, a ship-owning company specializing in investments in vessels on long-term charters, will now operate under the ownership of the diversified investment company. This transaction marks a significant shift for Ocean Yield, which was previously acquired in late 2021 by Octopus Bidco AS, a company indirectly wholly owned by funds advised by Kohlberg Kravis & Co. L.P. and its affiliates (KKR).
Established in March 2012 and listed on the Oslo Stock Exchange in July 2013, Ocean Yield has built a robust business model centered on modern assets. The company focuses on securing long-term charters with creditworthy counterparties, a strategy that has resulted in a significant contract backlog. This backlog provides strong visibility with respect to future earnings, making Ocean Yield an attractive entity for long-term investors seeking stable, asset-backed returns within the maritime sector.
The acquisition aligns strategically with A.P. Moller Holding's investment philosophy, which often involves significant stakes in companies with strong asset bases and predictable cash flows. By integrating Ocean Yield's specialized ship-owning capabilities and its portfolio of vessels, A.P. Moller Holding strengthens its presence in the maritime industry. The move is expected to leverage Ocean Yield's established operational framework and its focus on high-quality, long-term contracts.
This acquisition is not a funding round but a complete change of ownership, with A.P. Moller Holding taking full control of Ocean Yield's operations and assets. The combined entity is poised to benefit from A.P. Moller Holding's extensive industry experience and financial strength, supporting Ocean Yield's continued growth and investment in modern maritime assets. The outlook suggests a stable future for Ocean Yield, maintaining its focus on long-term value creation within the global shipping market under its new ownership.