On April 9, 2025, Sandbrook Capital and the Public Sector Pension Investment Board (PSP Investments) announced the sale of Havfram, a global offshore wind infrastructure company, to DEME Group (Euronext: DEME) for approximately €900 million (equivalent to around C$1.33 billion at the time of the announcement). Havfram was founded in 2021 through a strategic partnership between Sandbrook and PSP Investments to provide next-generation Wind Turbine Installation Vessels (WTIVs) for large-scale offshore wind farms.

Over a short period, Havfram emerged as a world-class operator, with two cutting-edge WTIVs under construction and a strong contract backlog supporting major offshore wind developments. The sale reflects the successful execution of the firm's vision to create a vital asset for the renewable energy sector and deliver strong returns.

DEME, a global leader in offshore energy and marine engineering, is expected to accelerate Havfram’s next growth phase and strengthen its leadership in the energy transition. The deal is projected to close by the end of April 2025, subject to standard regulatory and closing conditions.

Goldman Sachs acted as financial advisor, while Thommessen served as legal advisor to Sandbrook Capital and PSP Investments.