Partners Group completed its acquisition of CapeOmega from HitecVision for €1.2bn.

Partners Group, the global private markets investment manager, completed its acquisition of CapeOmega, an offshore infrastructure platform in Norway. The company was acquired from private equity investor HitecVision in a transaction that values CapeOmega at around €1.2bn. The NCS, which supplies around 27% of Europe's gas demand, has the largest gas reserves and resources in the North Sea, with only one third of the resources in production. Partners Group will work closely with CapeOmega's management team, led by CEO Gisle Eriksen, to further expand in offshore infrastructure and related assets, with a focus on greenfield developments and brownfield acquisitions. "Natural gas is increasingly adopted as a complementary fuel source to renewables in the context of the retirement of coal-fired and nuclear power plants across Europe, and the NCS is poised to benefit from this demand tailwind. Partners Group welcomes the opportunity to partner with a well-respected and experienced management team to realize the associated infrastructure expansion potential for CapeOmega in one of Europe's key natural gas supply hubs." Esther Peiner, Partners Group Managing Director, Private Infrastructure Europe.