White & Case advises GLIL Infrastructure on acquisition of minority stake in Sølvtrans from Antin Infrastructure Partners

Global law firm White & Case LLP has advised GLIL Infrastructure on the acquisition of a minority stake in Sølvtrans from Antin Infrastructure Partners.

GLIL Infrastructure is an infrastructure investment fund established in 2015 by UK pension funds to invest collaboratively in long term, essential infrastructure. Created by long term investors for long term investors, GLIL was designed to provide greater alignment, control and transparency than traditional third-party fund structures.

Headquartered in Ålesund, Norway, Sølvtrans is the world's leading provider of mission critical wellboats (a vessel equipped with tanks for the safe transport of farmed fish) to the growing aquaculture industry. Since Antin's investment in 2018, the company has delivered strong growth, including enlarging its fleet to 48 vessels from 21, geographical expansion to Canada, Iceland and New Zealand, and diversification to additional fish species beyond salmon, including cod, as well as the strategic acquisition of Dess Aquaculture Shipping.

With GLIL as a new long-term partner, Sølvtrans is poised for continued growth, benefiting from strong secular tailwinds as aquaculture continues to grow its share of healthy protein supply globally and plays a key role in enabling a low-carbon food supply. The company currently has eight wellboats under construction, with options for further newbuilds secured with high-quality shipyards, and it sees strong prospects for organic growth in both existing and new geographies and markets, including new species.

The White & Case team in London which advised on the transaction was led by partners Sandra Rafferty and Di Yu, with support from partners Ben Von Maur, Jessica Kemp and Michael Engel and associates Conor Magee, Thomas Jacques, Tabishe Arshad and Joao Lacerda.

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