EnTrust Global’s Blue Ocean Strategy Completes Acquisition of Offshore Merchant Partners
Summary
Based in Oslo, Norway, OMP provides capital to maritime transportation and energy service assets through bespoke structured equity and credit instruments. Svein Engh, Senior Managing Director and Portfolio Manager of the Blue Ocean Funds, said: “We are excited to complete this acquisition and significantly expand Blue Ocean’s presence in Norway, an important energy and maritime hub, as a complement to our other key offices in New York, Amsterdam and London. With the change of ownership from HitecVision to the Blue Ocean Funds, we will become part of a larger group with deep expertise in the maritime landscape, and our team of professionals looks forward to helping to further expand the Blue Ocean strategy in the years to come.” Christian Kronstad, Senior Partner at HitecVision, said: “OMP has successfully completed a transformation into providing bespoke, structured financing to the broader maritime and energy infrastructure space. Co-founded in 1997 by Chairman and CEO Gregg S. Hymowitz, the firm manages assets for over 500 institutional investors representing 48 countries. HitecVision has about EUR 8 billion in assets under management, and is headquartered in Stavanger, with offices and investment professionals in Oslo, London and Milan.