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Havfram Announces That Sandbrook Capital Has Acquired a Majority Stake in the Wind Company and Has Committed $250 Million to Fund Its Future Growth

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Press Release

Nov 7, 2022 11:00 EST

Havfram, an offshore wind services company based in Norway, announced that it has received a transformative investment from Sandbrook Capital, a private investment firm dedicated to building climate infrastructure companies.  As part of the transaction, Sandbrook has committed USD 250 million (NOK 2.65 billion) of equity capital to Havfram. The new capital, which will result in Havfram being one of the best-capitalized companies in the sector, will be used to build a fleet of state-of-the-art vessels to service the growing need for installation of offshore wind turbines and foundations (“WTIVs”), and to further Havfram’s broader strategy to become the leading…

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