Antin Infrastructure Partners, through its Flagship Fund III, has agreed to sell a minority stake in Sølvtrans, a Norwegian provider of mission-critical wellboats, to U.K. investment fund GLIL Infrastructure.
As part of the transaction, GLIL, the investment fund established by pension funds to invest collaboratively in infrastructure, will acquire a 30 percent stake in Sølvtrans. Antin will maintain its majority holding alongside the company’s founder Roger Halsebakk and his family. Financial terms were not disclosed.
Headquartered in Ålesund, Norway, Sølvtrans is the world’s No. 1 provider of mission critical wellboats (a vessel equipped with tanks for the safe transport of farmed fish) to the growing aquaculture industry. Since Antin’s investment in 2018, the company has delivered strong growth, including enlarging its fleet to 48 vessels from 21, expanding its geographical reach to Canada, Iceland and New Zealand, and diversifying to additional fish specie
