3i Infrastructure and AMP Capital have entered into an agreement to jointly acquire 100% of Danish company Esvagt from Maersk Group.
3i Infrastructure will be investing approximately GBP 109 million to acquire a 50% interest in Esvagt and will have an equal shareholding with AMP Capital. Headquartered in Esbjerg, Denmark, Esvagt is a provider of emergency rescue and response vessels and related services to the offshore oil and gas and offshore wind industry, in and around the North Sea and the Barents Sea. Esvagt has been operating since 1981, employs over 800 people and owns a fleet of 43 vessels. Completion is anticipated by the end of September 2015.
