On April 9, 2025, Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments) announced the sale of Havfram, a global offshore wind infrastructure company, to DEME Group (Euronext: DEME) for approximately €900 million (around C$1.33 billion). The acquisition was successfully completed on May 2, 2025, after satisfying all customary closing conditions.

Havfram, established in 2021 through a partnership between Sandbrook and PSP Investments, rapidly grew into a leading operator in offshore wind transport and installation services. It has two next-generation Wind Turbine Installation Vessels (WTIVs) under construction, scheduled for delivery in late 2025 and early 2026, both already contracted for projects in the second half of 2026. Havfram’s robust €600 million orderbook extends through 2030, supporting some of the world’s largest offshore wind developments.

DEME, a global leader in offshore energy and marine engineering, will integrate Havfram into its Offshore Energy segment, with the team continuing operations from Oslo, Norway. This acquisition is expected to enhance DEME’s competitive positioning and support the company’s ambition to lead the energy transition.

Goldman Sachs acted as financial advisor and Thommessen as legal advisor to Sandbrook and PSP Investments.