Other Offshore Accommodation Services
Bjørn Eie Henriksen, CEO
Thomas Eik Gabestad, CFO
Chairman of the Board
The company owns one offshore vessel, the "Haven" vessel, which is the world's premier jack-up accommodation vessel with 447 cabins. It is the largest unit of its kind and long-term contracted by ConocoPhillips at the Ekofisk field in the North Sea.
Nordic Capital Fund VII acquired Master Marine through a recapitalisation offer that was presented in September 2009 and completed in October 2009. The company was acquired with the thesis of buying a heavily discounted offshore asset with contracted revenue in an attractive niche.
In April 2018, Nordic Capital’s 2008 vintage fund, Fund VII completed the transfer of its remaining nine unlisted portfolio companies including Master Marine, to a continuation vehicle, Nordic Capital CV1 or "CV1". Fund VII’s original term expired in December 2017 and by this transaction, Nordic Capital took the opportunity to maximise the value creation potential of these nine companies, providing them with active support and fresh capital over an additional five-year holding period under continued Nordic Capital management.
EUR 80 million
Nordic Capital Fund VII, Nordic Capital CV1