Infracapital takes majority stake in CTV owner Farra Marine

Based in Ireland, Farra Marine services the offshore wind market in Europe using 15 vessels, which are among the youngest in the European market, averaging around two years of age.

The company was founded in 2020 by chief executive Martin Rice. It operates in key European offshore wind markets including the UK, Germany, France, Denmark and the Baltic states, with clients including Siemens Gamesa, Vestas, Ørsted and ScottishPower Renewables. 

Infracapital said it intends to support Farra Marine with capital to enable the continued expansion of its modern fleet. The investment will be made through Infracapital Partners IV.

Mr Rice said, “When I founded Farra Marine in 2020, the ambition was to build the most modern, capable CTV fleet in Europe and deliver a standard of service that the offshore wind sector deserved. This is a landmark moment for Farra Marine. Partnering with Infracapital gives us the capital, the expertise and long-term support to continue executing that vision and build on the strong platform we have established.”

Infracapital managing director Herman Deetman said, “We are pleased to partner with the team at Farra Marine at a time of strong demand for high-quality vessels to support services in offshore wind. The team has built a best-in-class operator trusted by leading clients across the sector, and we look forward to supporting the business through its next phase of growth.”