M&A Deal Summary

Ocean Yield Acquires Navig8 Group - Four LR2 Product Tankers

On November 21, 2019, Ocean Yield acquired marine company Navig8 Group - Four LR2 Product Tankers from Navig8 Group for 132M USD

Acquisition Highlights
  • This is Ocean Yield’s 1st transaction in the Marine sector.
  • This is Ocean Yield’s largest (disclosed) transaction.
  • This is Ocean Yield’s 1st transaction in Channel Islands.

M&A Deal Summary

Date 2019-11-21
Target Navig8 Group - Four LR2 Product Tankers
Sector Marine
Buyer(s) Ocean Yield
Sellers(s) Navig8 Group
Deal Type Divestiture
Deal Value 132M USD

Target

Navig8 Group - Four LR2 Product Tankers

Jersey, Channel Islands
Navig8 Group Ltd's Four LR2 Product Tankers provides marine services.

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Buyer(S) 1

Buyer

Ocean Yield

Lysaker, Norway

Category Company
Founded 2012
Sector Marine
Employees20
Revenue 208M USD (2020)
DESCRIPTION

Ocean Yield is a ship owning company with investments within oil-service and shipping. Ocean Yield was founded in 2012 and is based in Lysaker, Norway.


DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (Channel Islands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Navig8 Group

Jersey, Channel Islands

Category Company
Sector Marine
DESCRIPTION

Navig8 is a fully integrated provider of shipping management services and the world’s largest independent pool and commercial management company.


DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (Channel Islands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Navig8 Chemical Tankers

Westport, Connecticut, United States

Navig8 Chemical Tankers Inc has 30 ECO chemical newbuilds under construction in Korea and Japan.

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