2 minute read | July.09.2025
Access Capital Partners, acting on behalf of its managed funds, has sold its remaining stake in France LNG Shipping (FLS) to Ocean Yield AS, a company backed by KKR.
Orrick represented Access Capital Partners.
Access Capital Partners is an independent private assets manager, investing in the key economies of Western Europe.
FLS operates state-of-the-art LNG carrier vessels under long-term charters to tier-one European energy companies. FLS is a 50:50 joint-venture between Nippon Yusen Kabushiki Kaisha (NYK), a leading Japanese shipping company, and French company Geogas LNG. Following the exit of Access Capital Partners, Geogas LNG is owned by Ocean Yield AS and Geogas Maritime, a leading French ship-owner that has been active in the market for the past 45 years.
Ocean Yield AS is 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.
The acquisition is expected to further strengthen Ocean Yield’s position in the LNG shipping market and support its long-term growth strategy.
In 2024, Orrick advised CVC DIF on the sale of its stake in Geogas LNG to Ocean Yield AS, as well as Access Capital Partners, which at the time sold one-third of its investment in Geogas LNG to Ocean Yield AS.
Orrick’s Patrick Tardivy led the team that advised Access Capital Partners, which also included Patrick Hubert, Marc Diab Maalouf and Dieynaba Kane.