Ropes & Gray Advises American Industrial Partners on Aquaship | Intership’s Acquisition of FSV Group, Creating a Leader in Global Aquaculture Services

In The News
January 23, 2025

Ropes & Gray has advised New York based private equity firm American Industrial Partners (AIP) on the acquisition of FSV Group AS (FSV) by its portfolio company Aquaship | Internship through funds advised by AIP as its majority owner.

Together, the companies form the world's second-largest maritime service provider for the aquaculture industry, offering a comprehensive suite of services and vessels tailored to meet the industry’s evolving needs, including transportation, treatment, feed distribution, harvesting and site services.

The combined companies will operate a fleet of 60 vessels, with eight additional vessels currently being built. More than 1,000 employees will work across Norway, Chile, the United Kingdom, Ireland, Canada and the Faroe Islands.

Ropes & Gray previously advised AIP on the acquisitions of majority stakes in Aquaship AS and Intership AS and the subsequent merger and refinancing of the combined group.

The Ropes & Gray team was led by private equity partner Victoria McGrath and finance partner Alex Robb, with private equity associate Sam Wolfe-Murray, finance counsel Sean Darling and finance associate Kwame Adzatia and trainee solicitor Marina Sultonova.