MPC Capital has completed the fundraising for its new offshore investor platform. Eurazeo and a family office provide €70 million.
Eurazeo and a 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 specifically designed for use in offshore wind farms.
Eurazeo’s investment is being made by the Eurazeo Transition Infrastructure Fund (ETIF). The project is supported by the European Union as part of the “InvestEU” investment program.
“We are thrilled to be working with first-class investors who specialize in infrastructure investments in the context of the energy transition,” says Constantin Baack, CEO of MPC Capital AG.
Martin Sichelkow, Partner and Co-Head Infrastructure at Eurazeo, added: “MPC OSE Offshore will play a key role in supplying the European offshore renewable energy industry.”
Six offshore vessels will be built in Esbjerg
In a first step, six Offshore Survey and Service Vessels (OSSV) with a total investment volume of €130 million will be financed and built at Esbjerg Shipyard in Denmark. They will be delivered between 2026 and 2028. The highly efficient vessels can be operated CO2-neutrally thanks to their propulsion technology and meet the highest ESG standards.
The Hamburg-based company’s partner is O.S. Energy, a German specialist for offshore projects and services. The debt financing for the first ship, which is already under construction, is being provided by Ostfriesische Volksbank (OVB) in Leer. In addition, there is a cover note from a leading export credit agency (ECA).
MPC Capital will provide management services and also participate as a co-investor in the new investment platform. “With a strong pipeline of follow-on projects, we look forward to further expanding our newly created maritime offshore platform,” said Baack.
The entry into this segment is in line with the Hamburg-based asset manager’s corporate strategy of focusing on infrastructure projects in the maritime and energy sectors, which have high growth potential due to the global energy transition.
Offshore wind capacities in Europe are expected to increase by more than 20% annually until 2033. This will lead to a significant demand for modern vessels that support all phases of the life cycle of offshore wind farms – from surveying and construction to maintenance and dismantling.
