Morgan Stanley Infrastructure Partners Sells Höegh Evi Stake
13 Dezembro 2024 - 10:50AM
Business Wire
Morgan Stanley Investment Management (“MSIM”), through
investment funds managed by Morgan Stanley Infrastructure Partners
(“MSIP”), its private infrastructure investment platform, today
announced it has entered an agreement to sell its 50% ownership
stake in Larus Holding Limited, the 100% owner of H�egh Evi Ltd.
(“H�egh Evi” or the “Company”) to funds managed by Igneo
Infrastructure Partners. Aequitas Limited (“Aequitas”), indirectly
controlled by Leif O. Høegh and family trusts (“Høegh Family”),
will retain its 50% ownership stake.
H�egh Evi is one of the leading owner-operators of Floating
Storage and Regasification Units ("FSRUs") and Liquid Natural Gas
Carrier ("LNGC") vessels globally. MSIP and the Høegh Family
undertook a strategic realignment of H�egh Evi to enable its
transition to provisioning clean energy infrastructure assets.
H�egh Evi initiated the development of floating solutions for
Carbon Capture and Storage (“CCS”), ammonia and hydrogen segments.
Notably, the Company is on track to convert to the first hybrid
FSRUs by 2028, enabling parallel imports of LNG and hydrogen,
providing customers the flexibility to ensure supply security and
affordability during the transition away from fossil fuels. In
September 2024, the Company rebranded itself from H�egh LNG to
H�egh Evi (Energy Vector Infrastructure) in recognition of its role
in both the energy transition and a multi-energy source
environment.
“Since acquisition, we have worked with H�egh Evi to further
strengthen its position as a leader in the FSRU market, providing
essential long-term LNG regasification capacity and enhancing
critical energy security for countries around the world,” said
Alberto Donzelli, Managing Director and Co-Head of Europe for
MSIP.
In partnership with the Høegh Family, a prominent Norwegian
family that has pioneered the international shipping industry since
1927, MSIP successfully de-listed the Company from the Oslo Stock
Exchange in May 2021 and took private the previously partially
owned subsidiary H�egh LNG Partners LP from the New York Stock
Exchange in September 2022.
“H�egh Evi is another example of how MSIP’s ability to partner
and collaborate with family shareholders provides differentiated
sourcing capabilities that can create substantial value for our
investors,” said Markus Hottenrott, Chief Investment Officer for
MSIP.
About H�egh Evi Ltd. H�egh Evi is the vital link to
secure transition-delivering fast, adaptable, and secure solutions
that respond to countries' evolving energy needs. For 50 years,
H�egh Evi has been a pioneer and global leader in floating energy
infrastructure, with one of the world's largest fleets of FSRUs
(floating storage and regasification units) for importing natural
gas. Today, H�egh Evi is building the infrastructure needed to make
the energy transition possible, with floating terminals for ammonia
and hydrogen import, the world's first floating ammonia-to-hydrogen
cracker, and services for carbon transport and permanent storage.
H�egh Evi is a global company with a highly skilled global team of
900 employees at sea and onshore. To learn more, please visit
www.hoeghevi.com.
About Morgan Stanley Infrastructure Partners Morgan
Stanley Infrastructure Partners (“MSIP”) is a leading global
private infrastructure investment platform with approximately $17
billion in assets under management since inception. Founded in
2006, MSIP has invested in a diverse portfolio of over 40
investments across transport, digital infrastructure, energy
transition and utilities. MSIP targets assets that provide
essential public goods and services with the potential for value
creation through active asset management. For further information
about Morgan Stanley Infrastructure Partners, please visit
www.morganstanley.com/im/infrastructurepartners.
About Morgan Stanley Investment Management Morgan Stanley
Investment Management, together with its investment advisory
affiliates, has more than 1,300 investment professionals around the
world and $1.6 trillion in assets under management or supervision
as of September 30, 2024. Morgan Stanley Investment Management
strives to provide outstanding long-term investment performance,
service, and a comprehensive suite of investment management
solutions to a diverse client base, which includes governments,
institutions, corporations and individuals worldwide. For further
information about Morgan Stanley Investment Management, please
visit www.morganstanley.com/im.
About Morgan Stanley Morgan Stanley (NYSE: MS) is a
leading global financial services firm providing a wide range of
investment banking, securities, wealth management and investment
management services. With offices in 42 countries, the Firm’s
employees serve clients worldwide including corporations,
governments, institutions and individuals. For further information
about Morgan Stanley, please visit www.morganstanley.com.
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Morgan Stanley Media Relations: Tom Walton
Tom.Walton@morganstanley.com
Morgan Stanley (NYSE:MS)
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