MPC Capital completes capital raise to fund new vessel

The vessel is being developed by MPC OSE Offshore, a joint venture with OS Energy. A purpose-designed offshore survey and service vessels (OSSV) it will be used primarily in offshore windfarms in the North Sea and Baltic and will be suitable for a wide range of services such as subsea inspection, environmental and seabed surveys and equipment supply.

The companies have placed a contract for the construction of the first vessel at the Danish Esbjerg Shipyard and have secured the option for five further units. Delivery of the first vessel is expected in the first half of 2026. Together, they are investing around €130M (US$140M) in the vessels.

The equity fundraising was led by the European investment group Eurazeo. Eurazeo’s equity investment was made by Eurazeo Transition Infrastructure Fund (ETIF), a SFDR Article 9 fund with a sustainable investment strategy focusing on the transition.

MPC Capital chief executive Constantin Baack said, “We are very pleased to work together with top-tier investors who have a dedicated focus on infrastructure investment related to the energy transition.

“It is a perfect fit, as we can offer a unique investment platform in a structural growth market. We look forward to making our investment platform a great success and jointly servicing the quickly evolving offshore renewable energy industry in the coming years.”

Eurazeo partner and co-head of infrastructure Martin Sichelkow said, “We are delighted to invest in MPC OSE Offshore, a company set to play a key role in servicing and supporting the European offshore renewable energy industry.”