Macquarie Asset Management has entered into an agreement to acquire full ownership of Danish offshore maintenance provider Ziton.
Macquarie European Infrastructure Fund 7, advised by Macquarie Asset Management, will purchase all issued and outstanding shares of Zappy TopCo ApS, the parent company of Ziton A/S, from Permira Credit and other existing shareholders.
Completion of the deal is expected by December 2024 or the first quarter of 2025, subject to regulatory approvals. Once finalized, Macquarie will obtain 100% ownership of Ziton.
Commenting on the acquisition, Ziton CEO Thorsten Jalk said, “It is a major validation of Ziton that Macquarie has decided to invest in the company. It shows that we have built a great company with a strong market position, good relationships to our customers, and some of the best people in the industry.” He added, “This is another major step to develop Ziton 2.0 – we will continue our journey.”
