KKR’s $834.4 Million Recommended Offer for Ocean Yield

Simpson Thacher advised affiliates of KKR on the deal.

Affiliates of KKR announced their recommended offer to acquire all of the outstanding shares in Ocean Yield ASA. The offer values Ocean Yield’s share capital at approximately NOK 7.2 billion (US$834.4 million).

Ocean Yield is a leading ship-owning company focusing on modern assets with long-term charters to counterparties. 

The Simpson Thacher team included Amy Mahon (Picture), Clare Gaskell and Carlo Pia (Corporate); Sinead O’Shea and Claire Williams (Credit); Meredith Jones, Gal Shemer, Joseph Tootle and Beatriz Capeloa Gil (Tax); Étienne Renaudeau, Henry Llewellyn and Jessica Davies (Antitrust); and Mark Skerry and Claire DiMario (Regulatory).

Involved fees earner: Beatriz Gil – Simpson Thacher & Bartlett; Jessica Davies – Simpson Thacher & Bartlett; Claire DiMario – Simpson Thacher & Bartlett; Clare Gaskell – Simpson Thacher & Bartlett; Meredith Jones – Simpson Thacher & Bartlett; Amy Mahon – Simpson Thacher & Bartlett; Sinead O’Shea – Simpson Thacher & Bartlett; Carlo Pia – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett; Gal Shemer – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Joseph Tootle – Simpson Thacher & Bartlett; Claire Williams – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR;

Author: Federica Tiefenthaler