A few days ago, Swiss-based private equity firm Partners Group has agreed on its clients to acquire North Star from Basalt Infrastructure Partners for an undisclosed amount.
Partners Group said its goal is to transform North Star into a leading pan-European offshore wind service provider and work with management to develop a transformation value creation plan that will expand the company’s platform by expanding its offshore wind fleet and offshore wind products. Headquartered in Aberdeen, Scotland, North Star is a professional ship operator focusing on providing emergency response and rescue and necessary offshore wind power maintenance services. With a fleet of 48 emergency response and rescue vessels (ERRVs) and service operation vessels (SOVs), approximately 1,400 employees serve offshore energy operations in the North Sea.
After the company ordered four SOVs from Fincantieri-controlled Norwegian shipbuilder Vard, which will be delivered to Dogger Bank offshore wind farm on a 10-year long-term contract between 2023 and 2024.
Dogger Bank wind farm is currently jointly built by joint venture partners SSE Renewables, Equinor and Eni, with a total installed capacity of 3.6 GW. After completion, it will become the world's largest offshore wind farm.
