Cape Investment Partners has announced that it has bought out the majority shareholding in offshore piling equipment manufacturer Cape Holland and offshore grouting business Found Ocean.
Cape Investment Partners has said that the acquisition of the holding from sustainability focused private equity investor Ambienta is the start of a new phase for both companies.
According the investment firm, the acquisition will position both firms for growth in the rapidly expanding offshore wind and recouping offshore oil and gas markets.
Cape Holland CEO Laurens de Neef said: “I’m delighted that, with the new shareholding structure, we are able to maintain our independent position within the industry and fully focus on our global expansion of our unique pile driving services.”
Found Ocean CEO Jim Bell added: “We are delighted that Cape Investment Partners has chosen to invest in Found Ocean as this will allow the company to continue its growth, develop its technology, and maintain its leading position in the markets it serves.”