CapMan Infra press release
CapMan Infra exits its stake in Norled to
Norled is one of
Water transportation is an essential part of Norwegian infrastructure, and the Norwegian government has set and is supporting ambitious targets for transport companies to transform the sector from diesel to renewable electric and hydrogen solutions. Norled intends for most of its fleet to be carbon emission-free within the next decade.
"Since acquiring the company, we have established Norled as a successful stand-alone business by strengthening the management team, organisation and tendering capabilities, while investing significantly into decarbonisation of the fleet. The resilience of the business was further demonstrated during the COVID-19 pandemic, and we are proud to have won a significant new tender backlog, which forms the basis for Norled's future success and continued investments into the green shift. The company is now well placed to deliver long-term value under CBRE IM's ownership. It has been an honour to work with Norled's dedicated employees and management team," said
"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," commented Dr.
Norled's current management team, led by CEO
"We are pleased that CBRE IM strengthens and continues the ownership of the company. CBRE IM has proved to be a long-term owner committed to further investments in zero- and low emissions solutions within our industry. Together we will work to ensure that most of our fleet is carbon emission-free within the next decade," says
The transaction is subject to regulatory approvals and is expected to close later this year.
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About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over to E4.8 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in
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*) Includes Electrical, Hydrogen and Hybrid vessels. Bio-fuel not included. The vessel number and investment estimates are per 2Q2022.
https://news.cision.com/capman-oyj/r/capman-infra-exits-its-stake-in-norled-to-cbre-investment-management,c3611674
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