Sandbrook Capital, a private investment firm focused on building climate infrastructure companies, and the Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investors, have agreed to sell Havfram, an international offshore wind infrastructure company, to DEME, a global leader in offshore energy and marine engineering.
The transaction is valued at approximately €900 million ($985 million).
Established in 2021 through a strategic partnership between Sandbrook Capital and PSP Investments, Havfram was created to provide critical offshore wind installation capacity to the world’s top energy companies. Under their ownership, Havfram has evolved into a world-class operator of wind turbine installation vessels (WTIVs), with two state-of-the-art vessels currently under construction and a strong contract backlog to build some of the largest offshore wind farms.
“We partnered with PSP Investments to build Havfram because we saw
