Dee4 Capital Partners ApS (“Dee4 Capital”) is pleased and proud to announce the final closing of Dee4 Capital Fund I K/S (the “Fund”), effective 21st December 2019, six months after first closing of the Fund on 21st June 2019 securing total commitments of USD 72,000,000 from 20 investors.
The Fund is managed by Carsten Mortensen, former CEO of both BW Group and D/S NORDEN, and Freddie Lee, a private equity professional with particular experience in shipping, energy, infrastructure and logistics.
The Fund's portfolio includes four second-hand product tankers, of which one is to be delivered in January 2020 making the fund about 45% invested. These vessels are financed including debt provided by DNB and Danske Bank. The portfolio is profitable and is expected to benefit from attractive earnings in the product tanker segment over 2020 and beyond.
Dee4 Capital is also proud to simultaneously announce closing of a strategic partnership with Marubeni Corporation (“Marubeni”), including a significant commitment to the Fund and a strategic investment in Dee4 Capital through Garnet Marine Capital ApS, a wholly-owned subsidiary of Marubeni.
Carsten Mortensen of Dee4 Capital comments: “We are extremely proud to have attracted Marubeni as partners in our fund and management company. I have worked closely with Marubeni over the last 20 years and I couldn't think of a better strategic partner for Dee4 Capital. We look forward to a long and prosperous relationship going forward”.
Kosuke Takechi of Marubeni comments: “This is a very exciting opportunity for Marubeni to join Dee4 Capital and its management team. We are sure that this strategic partnership will be mutually beneficial for Dee4 Capital and Marubeni”.
About Dee4 Capital
Dee4 Capital is a Danish private equity firm investing in shipping, transport & logistics, energy, offshore and infrastructure founded by Carsten Mortensen and Freddie Lee in 2019.
About Marubeni
Marubeni Corporation is one of the largest trading and investment conglomerates in Japan. Marubeni’s activities span a widely diversified range of business including Shipping & Aerospace, Energy, Metals & Mineral Resources, Food, Agri, Chemicals, Forest Products, Power, Plant, Lifestyle, ICT & Real Estate, Finance & Leasing, Construction, Auto & Industrial Machinery and Next Generation Business Development.
Its global presence includes 137 branches and offices in 67 countries and regions. Marubeni has been active in the Shipping business for over 60 years and is one of the major players in the Japanese Shipping Industry.
