Mandag 22. januar 2024

Longship Fund III invests in maritime software solution provider Star Information Systems AS

Longship Fund III (“Longship”) has acquired a majority stake in Star Information Systems AS (“STAR”), a global maritime software solution provider. Existing shareholders will stay on as minority investors.

STAR has been a trusted partner to clients in the global maritime and energy sectors for more than 25 years, helping them control, maintain and optimize their physical and technical assets across business units and geographical locations. In 2023, STAR noted revenues of nearly NOK 100 million, representing a year-over-year growth of 23%. The company is headquartered in Trondheim, Norway and operates through five global offices with a dedicated team of around 60 professionals.

“We are pleased to announce our partnership with Star Information Systems,» says Johan Anstensrud, lead partner for Longship’s investment. «With the release of their new cloud-based software platform and their accumulated expertise within planned maintenance, supply & logistics and HSEQ, STAR is well-positioned to lead in the maritime software landscape as the industry transitions from on-premise to web-enabled solutions. Through our investment, Longship aims to collaborate closely with STAR’s existing stakeholders to drive the company’s continued growth both within maritime and in adjacent markets.”

Bjørn Martin Klokkernes, CEO of Star Information Systems, reflects on the company’s journey, saying, «After two-and-a-half decades of serving our clients with the STAR Enterprise Asset Management system, we welcome a partner to support our growth as we introduce the new ‘STAR Suite’ in 2024. With Longship, we have the resources to establish STAR as a leader in the global maritime software space.»

Longship was advised by Strategy&, part of the PwC network, and Wiersholm in connection with the transaction. Star Information Systems was advised by Ontogeny and Ræder Bing.

For more information, please contact:

Johan Anstensrud, Partner, Longship AS
+47 901 13 875
johan.anstensrud@longship.no

Bjørn Martin Klokkernes, CEO, Star Information Systems AS
+47 951 40 815
bmk@sismarine.com

About Longship:

Longship is a Norwegian private equity firm established by a group of experienced investment professionals in 2015. Longship invest in companies with significant growth potential in the
Norwegian lower mid-market and are applying a transformational growth approach. The investment team currently consists of twelve professionals, making it the leading player in the Norwegian lower mid-market. Longship now manage approx. NOK 5.2 bn across three funds. Star Information Systems AS will be the first investment in Longship Fund III

Flere pressemeldinger

Mandag 22. januar 2024

Longship Fund III invests in maritime software solution provider Star Information Systems AS

Longship Fund III (“Longship”) has acquired a majority stake in Star Information Systems AS (“STAR”), a global maritime software solution provider. Existing shareholders will stay on as minority investors.

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