Simpson Thacher is representing private capital financing sources in a $225 million secured debt financing supporting the acquisition by Moreld of Ocean Installer, a marine construction company that serves the offshore energy sector, from HitechVision. The Firm also represented private capital financing sources supporting the acquisition of Moreld by McIntyre Partners and Velocity Partners.
Moreld is a leading multi-disciplinary engineering group based in Norway that serves the offshore energy and marine sectors.
McIntyre Partners is a private investment firm that focuses on acquiring non-core businesses from corporate and financial sellers in energy, industry, and infrastructure.
The Simpson Thacher team included Brian Rosenzweig, Matt Hart, Nate Yang and Andrew Scattergood (Alternative Capital and Private Credit); Clare Gaskell and Laura Harris (UK Corporate); and Jon Cantor, Yash Rupal and Sefia Jivraj (Tax).