Antin takes over Sølvtrans.

Norway Secondary 03 September 2018
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Sølvtrans, an Ålesund, Norway-based operator of the world’s largest and most modern fleet of wellboats, announced that private equity firm Antin Infrastructure Partners and funds managed by US hedgefund Oaktree Capital Management have signed an agreement whereby Antin will acquire Silver Holdings, owner of Sølvtrans.

The financial details of the transaction remain undisclosed.

Sølvtrans is currently owned by Oaktree, CEO Roger Halsebakk and chairman Anders Hvide. Under the new agreement, Antin will own a majority stake in the business with Roger Halsebakk and Anders Hvide maintaining their current roles and re-investing to remain substantial shareholders alongside Antin. The transaction marks the exit of Sølvtrans for Oaktree following a take-private in 2014 and a number of years of strong growth through significant expansion via new builds and acquisitions.

Sølvtrans owns and operates the world’s largest and most modern fleet of wellboats, with 21 wellboats in operation and four additional vessels in the pipeline. It is the only global wellboat operator with an interest in all key salmon farming markets, including Norway, Scotland, Chile and Australia.