Yinson Production Scoops $1B Investment to Upscale FPSO Business

Yinson Production Scoops $1B Investment to Drive Further Growth.jpg

Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth.

The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants, with the option to upsize to $1.5 billion within 24 months.

The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.

The proceeds from the transaction will primarily support Yinson Production’s expansion, while $200 million will be used for distribution to the controlling shareholder, a wholly owned subsidiary of Yinson Holdings Berhad.

The investment consortium comprises Platinum Lily B 2024 RSC, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and funds managed by British Columbia Investment Management Corporation (BCI), and RRJ Group.

“We are delighted to welcome ADIA, BCI and RRJ as new investors in Yinson Production. This is one of the largest structured equity transactions in Southeast Asia and the first platform-level equity raise by Yinson Production.

“It builds upon Yinson Production’s proven track record of delivering value accretive growth through our integrated platform. The growth capital will further strengthen our leading market position and enables us to seize opportunities in a robust FPSO market environment,” said Flemming Grønnegaard, Chief Executive Officer of Yinson Production.

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Liquefaction and Regasification Report And Online Database

  • Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
  • Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial