ShippingWatch

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.

HitecVision is a leading investor in the international oil and gas industry. The company’s headquarters are located in Stavanger with offices in Oslo and Houston. Its funds focus on middle market investments in oilfield services and technology companies as well as exploration and production companies across the oil and gas value chain.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs