Partners Group to acquire Norwegian midstream infrastructure company CapeOmega

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Partners Group, the global private markets investment manager, has agreed to acquire 100% of the equity in CapeOmega, a leading offshore infrastructure platform in Norway. The Company is being acquired from private equity investor HitecVision in a transaction that values CapeOmega at around EUR 1.2 billion (US$ 1.35 billion).

CapeOmega provides essential infrastructure for transporting natural gas produced on the Norwegian Continental Shelf. The Company holds significant stakes in some of Norway's key midstream infrastructure: Gassled, the world's largest offshore gas transmission system; Nyhamna, one of three key gas processing plants in Norway; and Polarled, a 480km pipeline that runs from the Aasta Hansteen field to Nyhamna. CapeOmega's midstream investments benefit from high barriers to entry with no competing infrastructure and no pipe-to-pipe competition.

The NCS, which supplies around 27% of Europe's gas demand, has the largest gas reserves and resources in the North Sea, with only one-third of the resources in production. Partners Group will work closely with CapeOmega's management team, led by CEO Gisle Eriksen, to further expand in offshore infrastructure and related assets, with a focus on greenfield developments and brownfield acquisitions.

Partners Group already owns a sizeable portfolio of midstream infrastructure assets on behalf of its clients. The firm's most recent transactions in this sub-sector include its 2018 investment in Oklahoma, US-based Superior Pipeline Company, a full-service midstream energy company; and its 2016 investment in the construction of Arcanum Infrastructure (previously known as Raven), an ethylene to butene-1 processing facility located in the US state of Texas.

List of the country updates

Country updates

  • April 23, 2019

    Tender for Rv555 Sotrasambandet road project in Norway to be launched this summer

    The Norwegian Public Roads Administration (NPRA) is working to clarify risks that may affect contract negotiations about the PPP project Rv555 Sotrasambandet (the Sotra Connection). This means that th...

    Read more
  • December 12, 2018

    Government of Norway launches New Cinema and Library PPP projects

    The Government of Norway through the Municipality of Harstad has launched a tender for the development of a new cinema and library in the area.  The project will be developed through the Pu...

    Read more
  • June 01, 2018

    Norway's first PPP project in over a decade reaches financial close

    Skanska has announced the commercial and financial close of the  Rv. 3/Rv. 25 PPP project, which involves the financing, design, construction, operation and maintenance of a new 25km nationa...

    Read more
  • March 19, 2018

    Skanska wins US$700 million road PPP in Norway

    The Norwegian Public Roads Administration (NPRA) has selected Skanska as the preferred bidder for the RV 3 / RV 25 Løten-Elverum project, which involves the construction of ...

    Read more
  • November 28, 2017

    Avinor to implement tender contest for operation of Haugesund Airport

    Avinor has announced that it is inviting proposals for the management of Haugesund Airport. A tender competition was requested by the Norwegian government, with the intention of implementing a se...

    Read more

Share this update