Vision Ridge and Havila finalise privatisation of ferry firm Fjord1

Investment firms Vision Ridge Partners and Havila Holding have concluded the privatisation of Norway-based ferry company Fjord1.

Fjord1 will now be co-owned by both Vision Ridge Partners and Havila Holding, with each having 50% ownership interest.

While Vision Ridge Partners is a US-based firm with a sustainable focus, Havila Holding is owned by the Sævik family in Norway.

By offering nearly $340m (Nkr3bn) financing at the holding company level, Allianz Global Investors partly funded this deal as...