Liquefied Natural Gas Carrier Vessels: CVC DIF Sells Interest in France LNG Shipping

2 minute read | July.08.2024

FrançaisOrrick a conseillé CVC DIF dans le cadre de la cession d'une participation dans France LNG Shipping à Ocean Yield AS, une société de portefeuille de KKR

CVC DIF has agreed to sell its 29% economic interest in France LNG Shipping (FLS), which operates state-of-the-art liquefied natural gascarrier vessels under long-term charters to tier-one European energy companies.

Orrick advised CVC DIF.

The strategic partnership and investment provided by CVC DIF led to substantial expansion in FLS’ fleet of liquefied natural gas ships.

CVC DIF’s stake in FLS, held through its CIF I and CIF II funds, will be acquired by Ocean Yield AS, a ship-owning company with investments in vessels on long-term charters. Ocean Yield AS is wholly owned by KKR Global Infrastructure Investors IV, a fund managed by KKR.

Closing of the transaction is subject to conditions and is expected to take place in the second half of 2024.


CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.

Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has about €18 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.

With over 240 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.


Willem Jansonius, Partner and Head of CIF Investments at CVC DIF, said: “This transaction is a perfect example of CVC DIF’s value-add strategy as FLS is a bigger and better business now than it was in 2019.”

“A key CVC DIF objective is to support growing infrastructure businesses on the back of strong positive sectorial trends and realise attractive returns for our investors. We are proud of the development of the FLS platform and pleased to see a new partner coming in to support its future growth.”


Orrick’s Patrick Tardivy, Marine Jamain and Marc Diab Maalouf advised CVC DIF on M&A aspects of the deal. Patrick Hubert and Quitterie De La Poype advised on antitrust & competition law, Laurent Olléon on tax law and Adam Smith on English law.