Partners Group backs North Star fleet expansion as offshore wind demand surges

An update from Partners Group Holding AG ( (CH:PGHN) ) is now available.

Partners Group has injected additional equity into its UK portfolio company North Star to fund the purchase of four Service Operation Vessels from Edda Wind, lifting North Star’s SOV fleet to 14, among the largest in Europe. The Aberdeen-headquartered operator, which also runs Europe’s biggest Emergency Response & Rescue Vessel fleet, now generates about GBP 100 million in run-rate EBITDA, more than tripling earnings in four years.

The expanded SOV fleet, largely backed by long-term contracts with leading offshore wind developers, deepens North Star’s presence in key European markets and strengthens its role in offshore maintenance and emergency services. Partners Group frames the deal as part of its strategy to scale infrastructure platforms that benefit from structural growth in offshore wind and energy security, positioning North Star to capture rising demand for long-term operations and maintenance support as installed offshore capacity grows and assets move further from shore.

The most recent analyst rating on (CH:PGHN) stock is a Buy with a CHF1200.00 price target. To see the full list of analyst forecasts on Partners Group Holding AG stock, see the CH:PGHN Stock Forecast page.

More about Partners Group Holding AG

Partners Group is a Switzerland-based global private markets investment firm with around 2,000 professionals and more than USD 185 billion in assets under management. It invests across private equity, private credit, infrastructure, real estate, royalties, and special opportunities, using an operationally focused strategy to build market-leading platforms for institutional and other clients worldwide.

Average Trading Volume: 119,060

Technical Sentiment Signal: Hold

Current Market Cap: CHF23.37B

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