CBRE Caledon Capital and CapMan Infra Acquire Norled

Posted on 05/21/2019


CBRE Caledon Capital Management and CapMan Infra signed a deal to acquire 100% of Norled AS, a Norwegian ferry and express boat operator from Norway-based shipping company Det Stavangerske Dampskibsselskab. CBRE took a 50% stake, while CapMan, through CapMan Nordic Infrastructure I fund, is acquiring the other 50% stake in Norled.

Norled is one of Norway’s largest ferry and express boat transportation companies with a fleet of 59 ferries and 28 express boats.

Advisors

Nordea Bank and RBC Capital Markets acted as joint financial advisers in the transaction.

Keywords: Royal Bank of Canada.