WFW advises Höegh Evi on acquisition of 50% stake in shareholder Larus
London, December 17, 2024, (Oilandgaspress) ––– Watson Farley & Williams (“WFW”) advised Höegh Evi Ltd. (“Höegh Evi”) on the acquisition of a 50% stake in its shareholder Larus Holding (“Larus”) by funds managed by Igneo Infrastructure Partners (“Igneo”).
Larus, which is the 100% owner of Höegh Evi, is currently jointly 50/50 owned by Aequitas Limited (a holding company of the Høegh Family who will retain their existing stake) and funds managed by Morgan Stanley Infrastructure Partners. The transaction is expected to close in the first half of 2025 and is subject to regulatory approvals and customary closing conditions.
Höegh Evi is a leading provider of FSRU and floating LNG infrastructure services around the world. Through the development, ownership and operation of modern FSRUs, Höegh Evi is well placed to continue acting as a global leader in the rapid expansion of LNG and clean energy networks worldwide. Igneo is an autonomous investment team in the First Sentier Investors Group focussed on high-quality, mature, mid-market infrastructure companies in the utilities, energy infrastructure, waste management and transportation/ logistics sectors. Founded in 1994, it works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management.
The multidisciplinary WFW London team a that advised Höegh Evi was led by Assets & Structured Finance Partner Kate Silverstein and Corporate Partner Mark Tooke supported by Counsel Amelia Reffold, Senior Associate Laura Gerrard and Associates Parit Patani, James Burgess, Alice Halpin and Lottie Lymer. Derivatives advice was provided by Partner Rob McBride and Associate Kristina Buckberry respectively and tax expertise by Partner Richard Stephens.
Kate commented “It was, as always, an absolute pleasure to work with Höegh Evi’s brilliant team. WFW has a long-established relationship with Höegh Evi so it was particularly exciting to support them on this important transaction. We wish them every success as they embark on the next stage of their journey with Igneo”.
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