Cape Investment Partners acquires majority stake in FoundOcean

19 December 2018

Offshore Steel Jacket
Offshore Steel Jacket

CAPE Investment Partners is proud to announce the acquisition of the majority shareholding in CAPE Holland and FoundOcean from the sustainability focussed private equity investor Ambienta who held its participation since 2012.

With the new shareholder, a new phase for both companies will start. The companies aim to further grow their unique market positions in the rapidly expanding offshore wind and recouping offshore oil and gas markets.

FoundOcean is the world’s largest dedicated offshore construction grouting company with more than 50 years’ experience of subsea grouting for offshore oil & gas and renewable energy installers. In the last two years FoundOcean has participated in the installation of eight major windfarms in Europe, as well as numerous Oil & Gas projects worldwide.

Jim Bell, CEO of FoundOcean explained: “We are delighted that CAPE Investment Partners has chosen to invest in FoundOcean as this will allow the company to continue its growth, develop its technology, and maintain its leading position in the markets it serves.”

CAPE Holland is the world leader in offshore vibro technology, providing a cost saving and environmentally friendly solution to pile driving and pile handling with their Vibro Lifting Tools (VLT). From monopiles for the offshore wind to subsea anchor piles, CAPE Holland offers a wide range of pile driving equipment worldwide.

CAPE Holland CEO Laurens de Neef commented: “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.”

CAPE Investment Partners is a consortium of investors based in Amsterdam, The Netherlands.

For more information about FoundOcean visit our press area.