Odfjell Chooses a Strategic Partner for its Tank Terminal Business

After announcing back in December its intention to evaluate strategic alternatives for its Rotterdam tank terminal, Odfjell SE recently announced that it has decided to form a strategic partnership with affiliates of U.S. based private equity firm Lindsay Goldberg LLC, a private equity firm which manages $10 billion of equity capital and has extensive experience within the energy infrastructure business. According to the agreement, Lindsay Goldberg will acquire a 49% interest in each of Odfjell’s terminals in Rotterdam, Houston and the greenfield project in Charleston, which together, according to Pareto, represent approximately 40% of Odfjell’s total tank terminal business. Furthermore, Lindsay Goldberg would be a partner in developing new business in the European and North American markets.

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