Having invested in two European offshore wind companies, C-Power and Butendiek Offshore Windpark Holding, and a subsea cable system, EllaLink, infrastructure investment fund Margueritte II has invested in another company in the ‘blue economy,’ Jifmar Offshore Services
Margueritte II has taken a majority stake in Jifmar Offshore Services, a marine and engineering solutions provider with a fleet a 45 vessels headquartered in Aix-en-Provence, France.
The company also operates remotely operated underwater vehicles and related equipment. It employs around 295 people and was founded in 2005, initially to provide operational and safety support services to oil and gas companies.
Since entering the market, Jifmar Offshore Services has developed into a provider of engineering solutions for marine and subsea projects in shallow water, expanding into the renewable energy, power, telecom, aquaculture and civil engineering sectors.
As part of the transaction, the co-founders of the company, Jean-Michel Berud, its chief executive, and Foad Zahedi, chairman of the supervisory board, will remain in place and reinvest in the company alongside Marguerite II. The transaction is expected to be completed in Q2 2022.
Marguerite managing partner Michael Dedieu told OWJ, “We aim to support Jifmar in its transition to next-generation offshore vessels and address the decarbonisation challenges in the sector.
“Jifmar is an innovative company at the forefront of the industry, as demonstrated by the Canopée project jointly developed with Zéphyr & Borée, a wind-propelled cargo ship that was specially designed to transport Ariane 6 launcher components from Europe to French Guyana.”
Mr Dediu noted that Jifmar Offshore Services has also taken steps towards the decarbonisation of its fleet, implementing dual fuel or hybrid-electric motoring solutions.
“Marguerite is delighted to invest in a market leader in near-shore marine infrastructure services with a sound business model,” Mr Dediu concluded.
“We look forward to working with Jifmar’s founders and management to provide funding and accelerate the development of the company, especially in growth sectors such as marine renewable energy, aquaculture and related industries.”
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