Nordics infrastructure manager CapMan Infra is investing in Napier, Norway’s largest salmon harvest vessel operator.
The manager’s CapMan Nordic Infrastructure II fund has invested an undisclosed amount to become a majority owner of Napier.
Napier is currently owned by the company’s key personnel, together with Amar Group and Kverva. CapMan Infra is investing alongside the key personnel.
Napier was established in 1995 and is the first harvest vessel specialised shipowner in the world. The Bømlo-headquartered company has a fleet of six vessels that provide processing and transportation of grown salmon from farms at sea to onshore facilities.
Kjetil Tufteland, CEO of Napier, said: “We are happy to have concluded the process with CapMan Infra and to have them as our new majority owner. CapMan Infra has impressed us with their commitment to the harvest vessel concept and continued support for a high-quality service offering to our current and future customers.
“Having CapMan Infra as our new majority owner provides a solid foundation for further growth and development and we are very excited about the future of Napier alongside our new owner.”
Pekko Haaksluoto, partner at CapMan Infra, said: “We are highly impressed with the service quality Napier can deliver to its clients, and believe the company has significant further growth potential.
“The business also has strong infrastructure characteristics and provides mission-critical services to ensure the safe supply of food. We look forward to supporting Napier in growing the business.”
The investment is CapMan Nordic Infrastructure II fund’s second investment. Late last year, the fund announced the acquisition of a majority stake in solar developer Skarta Energy. The CapMan Nordic Infrastructure II fund, which was established this year, has a €400m target size.
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