Hurtigruten and its owners, Petter Stordalen and European fund TDR Capital, have taken a 40% stake in Kleven as part of a refinancing exercise.

The process has also seen the addition of several investors bringing an additional NOK 300m ($38.3m) into the specialist Norwegian shipbuilder.

Kleven’s current owners, John Kleven AS and H-Invest AS are bringing new funds to the company and will be joined by new investors including Age Remøy and Magnus Roth’s InYard Invest, Lurssen-Group, and Per Lillebo.