Havfram's Transition: A Strategic Sale to DEME
Deal News | Apr 09, 2025 | Sandbrook Capital
Sandbrook Capital and PSP Investments have agreed to sell Havfram, an international leader in offshore wind infrastructure, to DEME, a prominent player in global offshore energy and marine engineering. Havfram was established in 2021 through a partnership between Sandbrook and PSP Investments, aimed at providing cutting-edge wind turbine installation vessels (WTIVs) necessary for building vast offshore wind farms. Under their stewardship, Havfram has secured significant contracts and has two state-of-the-art vessels under construction. The deal, valued at approximately €900 million, is anticipated to close by April 2025 following standard regulatory approvals. Sandbrook and PSP's role in developing Havfram into a critical component of the renewable energy industry is highlighted, with DEME poised to enhance its growth trajectory.
Sectors
- Renewable Energy
- Private Equity
- Marine Engineering
Geography
- Global – Havfram's operations in offshore wind infrastructure and its acquisition by Belgium-based DEME indicate a global scope of operations and impact.
- Canada – PSP Investments, a Canadian pension investment board, is involved in the transaction as a major stakeholder.
Industry
- Renewable Energy – This industry is relevant as the article discusses the acquisition of an offshore wind infrastructure company, Havfram, which is part of the renewable energy sector.
- Private Equity – The involvement of Sandbrook Capital, a private equity firm, highlights the industry's role in the transaction and investment in climate infrastructure.
- Marine Engineering – The acquisition involves companies specializing in marine engineering, which is crucial for offshore wind farm development.
Financials
- €900 million – The valuation of the transaction involving the sale of Havfram to DEME.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Havfram | Target Company | Company | An international offshore wind infrastructure company established in 2021. |
| Sandbrook Capital | Seller Company | Company | A private investment firm focused on building climate infrastructure companies. |
| PSP Investments | Seller Company | Company | One of Canada's largest pension investors partnering with Sandbrook Capital in the sale. |
| DEME | Bidding Company | Company | A global leader in offshore energy and marine engineering, acquiring Havfram. |
| Goldman Sachs | Financial Advisor | Company | Financial advisor to Sandbrook Capital and PSP Investments in the transaction. |
| Thommessen | Legal Advisor | Company | Legal advisor to Sandbrook Capital and PSP Investments in the transaction. |