Infracapital, the infrastructure private equity investment arm of M&G, has announced that it has acquired a majority stake in Farra Marine, a company that plays a critical role in supporting the construction, operation and long-term maintenance of offshore wind assets in Europe.
Headquartered in Ireland, Farra Marine is a leading owner and operator of crew transfer vessels (CTVs) serving the European offshore wind market. These specialist vessels transport technicians, engineers and equipment to offshore wind farms across Europe, enabling crew to safely keep wind turbines operating, from initial construction through to the entire 30 year lifecycle and decommissioning. Infracapital intends to support Farra Marine with capital to enable the continued expansion of its modern fleet.
Europe’s offshore wind market is expected to see significant capacity growth, supporting increased demand for high-quality CTVs. Founded in 2020 by Martin Rice, Farra Marine owns and oper
