Infrastructure Funds Managed by Macquarie Infrastructure and Real Assets and Goldman Sachs Finalise the Acquisition of HES International from Riverstone and the Carlyle Group

Source Press Release
Company Macquarie GroupGoldman Sachs & Co. LLCRiverstone Holdings LLCThe Carlyle Group LP 
Tags Corporate Deals, Deals, LNG & Gas Storage/Processing
Date March 15, 2019

Macquarie Infrastructure and Real Assets ("MIRA"), via Macquarie European Infrastructure Fund 5, and West Street Infrastructure Partners III ("WSIP"), managed by Goldman Sachs, have completed the acquisition of HES International B.V ("HES" or the "Company") from Riverstone Holdings LLC ("Riverstone") and The Carlyle Group ("Carlyle").

MIRA and WSIP are experienced, long-term infrastructure investors with strong track records of supporting the sustainable development of their portfolio companies. The new shareholders, who each control 50% of HES, look forward to working in partnership with the Executive Board and the employees to further develop and grow the company. MIRA and WSIP are supportive of management’s strategy to grow HES through investment in new projects and to strengthen the existing operations of the terminals. The new shareholders recognize the key role played by HES’ employees and are committed to an open and collaborative relationship with HES’ Works Council(s).

HES is one of the largest diversified port terminals businesses in Europe and is focused on the storage and handling of liquid bulk products and dry bulk products. With strategic locations in some of Europe’s most accessible ports, HES benefits from highly attractive catchment areas and established long-term relationships with the region’s blue-chip customers.

The company has built a unique platform of best-in-class liquid and dry bulk terminals, including the two largest dry bulk import terminals in North West Europe, EMO (Rotterdam) and OBA (Amsterdam). HES has also established North West Europe’s newest liquid bulk terminal, HES Botlek Tank Terminal (HBTT), and helped the largest independent tank terminal in Germany, HES Wilhelmshaven Tank Terminal (HWTT), transition from a refinery to fully operational tank terminal.

The HES management team is successfully implementing a €700 million transformation and growth strategy, which includes the construction of the 1,3 million cbm HES Hartel Tank Terminal in the Port of Rotterdam. This strategy enables HES to grow into a significant tank terminal operator in North West Europe, while further strengthening its position as one of the largest diversified dry bulk terminal operators in Europe.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd