Partners Group, acting on behalf of its clients, has agreed to sell its majority stake in CapeOmega, a low-carbon maritime platform, to Ocean Yield AS and vehicles managed by KKR.
The transaction represents a successful exit for Partners Group, which acquired CapeOmega in 2019 and then executed a full strategic pivot for the company during its ownership. Partners Group transformed CapeOmega from an offshore energy infrastructure owner into a maritime platform that owns a fleet of 10 state-of-the-art, fuel-efficient liquified natural gas (LNG) carriers. CapeOmega partnered with shipping company Knutsen to build and operate the 174,000-cubic-meter vessels, with seven already completed and another three to be delivered during the next few months.
As a maritime platform, CapeOmega has strong infrastructure characteristics, such as high barriers to entry due to the capex required to build specialized vessels; long-term contracts with blue-chip customers, providing visible c