Weil advised Igneo Infrastructure Partners on the acquisition of a 50% ownership interest in Höegh Evi (previously Höegh LNG) from funds managed by Morgan Stanley Infrastructure Partners. Aequitas Limited, the principal investment holding company of the Høegh family, will retain its 50% shareholding in the company.
Höegh Evi is a global leader in floating energy infrastructure, with one of the world’s largest fleets of FSRUs (floating storage and regasification units) for importing natural gas, and a pioneer in the energy transition, with floating terminals for ammonia and hydrogen import, the world’s first floating ammonia-to-hydrogen cracker and services for carbon transport and permanent storage.
The transaction is expected to close in the first half of 2025, subject to regulatory approvals and customary closing conditions.
The Weil team was led by Private Equity partner Brendan Moylan with support from counsel David McKendrick.
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