AMP Capital and 3i Infrastructure plc have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group. AMP Capital is investing approx. £109 mln (approx. €153 mln) to acquire a 50% interest in ESVAGT and will have an equal shareholding with 3i Infrastructure.
Headquartered in Esbjerg, Esvagt has been operating since 1981. It is a leading provider of emergency response and rescue services in the offshore oil and gas industry in Denmark and Norway, and has a growing presence in the UK and offshore wind services segments. Esvagt employs more than 800 people and owns a fleet of 43 vessels.
AMP Capital’s global infrastructure platform is currently raising funds from global investors and has secured commitments in excess of US$1 bln (approx. €906 mln. Completion is anticipated by late September 2015.