DEME Acquires Havfram from Sandbrook Capital and PSP Investments

Sandbrook Capital with PSP & IMCO Acquires NeXtWind

August 9, 2023

Energy

Sandbrook Capital, together with co-investors PSP Investments and the Investment Management Corporation of Ontario (IMCO), has signed an agreement to acquire German renewable energy company NeXtWind. The consortium will commit up to US$750 million of equity to support NeXtWind's strategy to acquire and repower onshore wind farms and scale the business as a leading renewable independent power producer in Germany.

Cadre AS Acquires Bekk og Strøm AS

July 28, 2023

Renewable Energy

Cadre AS has acquired Bekk og Strøm AS, adding seven operating small-scale hydropower plants (total ~40 GWh/year) and a development portfolio of nine projects. The acquisition expands Cadre's operating portfolio (now >400 GWh), adds experienced staff, and improves geographic diversification in southern Norway as the company pursues a 2 TWh production ambition.

Hafslund Eco, Infranode and HitecVision Acquire Fortum Oslo Varme (Hafslund Oslo Celsio)

March 22, 2022

Energy

A consortium of Hafslund Eco, Infranode and HitecVision has completed the acquisition of Fortum Oslo Varme, which will be renamed Hafslund Oslo Celsio. Hafslund Eco holds a 60% majority stake while Infranode and HitecVision hold 20% each; the partnership plans ~NOK 10 billion of investments including NOK 1.4 billion for a CCS project at the Klemetsrud waste-to-energy plant and major district cooling investments.

Denham Capital Acquires Solops to Build Distributed Solar Platform

February 10, 2023

Renewable Energy

Denham Capital, via its Sustainable Infrastructure business, has acquired Solops, a U.S. developer, financier, and owner/operator of commercial and industrial photovoltaic projects, with an initial $200 million commitment to execute Solops' 800+ MW project pipeline. Denham intends to support a buy-and-build growth plan, positioning Solops as an independent power producer (IPP) to accelerate deployment of distributed generation solar across the United States.

Fremman Capital to Acquire Majority Stake in VPS

June 22, 2021

Industrial Services

Fremman Capital has entered exclusive discussions to acquire a majority stake in VPS, a Rotterdam-headquartered marine fuel testing, inspection and advisory provider. Fremman said it will support VPS's management to expand its testing, data and ESG-focused advisory capabilities; debt financing for the intended transaction will be provided by Bridgepoint Credit and OLB.

DOF Group Acquires Maersk Supply Service from A.P. Moller Holding; Maersk Offshore Wind Carved Out

November 1, 2024

Transportation

DOF Group ASA has completed the acquisition of Maersk Supply Service A/S from Maersk Supply Service Holding ApS / A.P. Moller Holding for a combination of cash (~USD 577m) and newly issued DOF shares, with MSSH receiving 58,883,073 consideration shares. After closing, A.P. Moller Holding will hold 25% of the combined company; Maersk’s offshore wind turbine installation business will remain with A.P. Moller Holding as the independent Maersk Offshore Wind.