MPC Capital has completed a €70m fundraising for its offshore service vessel platform, with Eurazeo as lead investor.
The platform was initiated by MPC OSE Offshore, a JV of MPC Capital and O S Energy to develop, build and manage service vessels which are specifically designed to operate in offshore wind farms.
Eurazeo’s equity investment is made by Eurazeo Transition Infrastructure Fund (ETIF), a SFDR Article 9 fund with a sustainable investment strategy focusing on the transition of essential infrastructure to a low-carbon economy.
This represents the seventh investment of ETIF allowing it to participate in the development and growth of the European offshore wind sector.
This deal benefits from support from the European Union under the InvestEU Fund.
Constantin Baack, chief executive of MPC Capital, said: “We are very pleased to work together with top-tier investors which have a dedicated focus on infrastructure investments related to the energy transition.
“It is a perfect fit, as we can offer a unique investment platform in a structural growth market.
“We look forward to making our investment platform a great success and jointly servicing the quickly evolving offshore renewable energy industry in the coming years.”
Martin Sichelkow, partner and co-head infrastructure at Eurazeo, added: “We are delighted to invest in MPC OSE Offshore, a company set to play a key role in servicing and supporting the European offshore renewable energy industry.
“The quality of the partners and the growth prospects of the market make the company a key component of the development of the offshore wind industry in Europe, facilitating the transition to a low-carbon economy.”