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New Deal


Announced

Completed

PSP Investments led a $250m funding round in Havfram.

Financials

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Transaction Value£208m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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offshore wind services

Minority

Private

Offshore Drilling and Other Services

Acquisition

Single Bidder

Norway

Infrastructure

Cross Border

Completed

Friendly

Synopsis

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PSP Investments, one of Canada’s largest pension investment managers, led a $250m funding round in Havfram, an offshore wind services company based in Norway, with participation from Sandbrook Capital. “I am proud to announce this important milestone for Havfram Wind AS. With this world-class equipment and one of the most experienced teams in the industry, we are certain that we will be able to provide a first-class service to project owners, turbine suppliers and construction partners globally. I’m also excited that our vessels will have some of the lowest emission profiles in the industry, as we have designed them to use latest electric battery and energy recovery systems, as well as numerous other sustainability innovations,” Even Larsen, Havfram Director of Offshore Wind.

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