Hamburg-based investment and asset manager MPC Capital completed a €70m fundraising for its offshore service vessel platform with Eurazeo as the lead investor.
MPC Capital revealed yesterday that European investment group Eurazeo and a large European family office are investing in MPC Capital’s recently launched platform for offshore service vessels.
The platform was initiated by a joint venture of MPC Capital and O.S. Energy (‘MPC OSE Offshore’) to develop, build and manage service vessels, which are specifically designed to operate in offshore wind farms.
As disclosed, Eurazeo’s equity investment is made by Eurazeo Transition Infrastructure Fund (ETIF), a SFDR article 9 fund with an investment strategy focusing on the transition of essential infrastructure to a low-carbon economy.
This represents the seventh investment of ETIF, MPC Capital said, allowing it to participate in the development and growth of the European offshore wind sector. This operation benefits from support from the European Union under the InvestEU Fund.
According to MPC Capital, the demand for offshore service vessels is expected to increase significantly, driven by the rapid expansion of the offshore renewable energy sector.
Constantin Baack, CEO of MPC Capital AG, said: “We are very pleased to work together with top-tier investors which have a dedicated focus on infrastructure investments related to the energy transition. It is a perfect fit, as we can offer a unique investment platform in a structural growth market.
“We look forward to making our investment platform a great success and jointly servicing the quickly evolving offshore renewable energy industry in the coming years.”
