Capital-rich investor behind joint venture with J. Lauritzen

The Norwegian private equity investor HitecVision recently established a 50/50 joint venture with J. Lauritzen focusing on a larger fleet of both hotel and service vessels. HitecVision has acquired, invested in or established more than 100 companies, exited over 70, and listed seven companies.

Photo: Axis Offshore

Over an extensive period of time, J. Lauritzen has been planning a massive venture in the Brazilian oil industry with hotel and service vessels in the global offshore industry’s number one hotspot with the prospect of continuous growth for many years to come. From the new 50/50 joint venture with the Norwegian private equity investor HitecVision, it looks as if this is collaboration will constitute the basis for billion-dollar investments in a larger fleet with the company’s Dan Swift ship as a focal point. Dan Swift was developed with the national oil giant Petrobras in order to make it capable of resistance against harsh weather up to 350 kilometers off the coast. Dan Swift is on a long-term contract with the company.

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