Macquarie Asset Management agrees to acquire ZITON from Permira Credit

Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, has agreed to acquire ZITON, a leading offshore wind operations and maintenance (O&M) business from funds advised by Permira Credit and other existing shareholders.

Founded in Denmark in 2007, ZITON was one of the first companies in the offshore wind sector and is a leading provider of offshore wind O&M services in Europe. The company currently owns and operates five jack-up vessels and has serviced 1,800 turbines at 80 different offshore wind farms in the North Sea. ZITON offers a full-service solution, including maritime project planning and execution, lift planning and execution, specialist tools and lifting equipment and technical specialists.

Nomura Greentech and Kromann Reumert advised Permira Credit on the transaction. Crédit Agricole CIB, Jones Day and Bech-Bruun advised Macquarie Asset Management.