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 2
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Channel Islands M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-14 CapeOmega

Bergen, Norway

CapeOmega is an offshore infrastructure platform. The company provides the essential infrastructure for the transportation of natural gas produced on the norwegian continental shelf and holds significant stakes in some of norway's key midstream infrastructure assets. CapeOmega was founded in 2014 and is based in Bergen, Norway.

Buy -

Seller(S) 1

SELLER

Navig8 Group

Singapore, Singapore

Category Company
Founded 2007
Sector Marine
DESCRIPTION

Navig8 Group is a fully integrated provider of shipping management services and the world’s largest independent pool and commercial management company. Navig8 Group was founded in 2007 and is based in Singapore.


DEAL STATS #
Overall 1 of 2
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Channel Islands M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Chemical Tankers

Hellerup, Denmark

Chemical Tankers has 30 ECO chemical newbuilds under construction in Korea and Japan. Chemical Tankers was founded in 2013 and is based in Hellerup, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Chemical Tankers

Hellerup, Denmark

Chemical Tankers has 30 ECO chemical newbuilds under construction in Korea and Japan. Chemical Tankers was founded in 2013 and is based in Hellerup, Denmark.

Sell -