Swedish private equity firm EQT Partners completed the acquisition of Norwegian port Mongstad Administrasjon, through its EQT Infrastructure II fund.
Mongstad is a key Norwegian port serving the oil and gas industry in the North Sea and was sold by Wimoh Invest. It contains land, buildings, storage facilities, piping, roads, quays and other infrastructure at the site, and handles more than 280,000 tonnes over quay per year.
EQT was advised by Handelsbanken Capital Markets, McKinsey, PwC and Pangea Property Partners.
Wimoh was advised by Saga Corporate Finance and EY.
The details of the transaction value were not revealed, but it has been reported the enterprise value of the merged entity is more than NKr1 billion.