CLP has acted as legal advisor to General Oceans AS in relation to Ferd’s investment

On December 19, 2023, General Oceans AS celebrated a strategic partnership with Ferd, who invested around NOK 400m to become a significant minority shareholder. This global underwater technology provider, led by founder and CEO Atle Lohrmann with a 56% stake, welcomed Ferd at an initial 25% ownership share. The deal furnishes General Oceans with growth capital, with Ferd intending to eventually increase their stake to 34%.

The strengthened financial position will boost General Oceans’ capacity for both organic and strategic growth in the underwater tech sector. The company reported over NOK 800m in pro-forma revenues and has made four acquisitions via its key subsidiary, Nortek AS.

CLP, legal adviser of General Oceans in connection with the transaction, expressed gratitude to General Oceans and Atle Lohrmann for their trust.