Macquarie Infrastructure and Real Assets (MIRA) and West Street Infrastructure Partners III (WSIP), managed by Goldman Sachs, have finalised the acquisition of HES International from Riverstone and The Carlyle Group.
MIRA and WSIP are long-term infrastructure investors with strong track records of supporting the sustainable development of their portfolio companies. The new shareholders will each control 50 percent of HES.
HES is one of the largest diversified port terminals businesses in Europe and is focused on the storage and handling of liquid bulk products and dry bulk products. With strategic locations in some of Europe’s most accessible ports, HES benefits from highly attractive catchment areas and established long-term relationships with the region’s blue-chip customers.
The company has built a unique platform of best-in-class liquid and dry bulk terminals, including the two largest dry bulk import terminals in North West Europe, EMO (Rotterdam) and OBA (Amsterdam). HES has also established North West Europe’s newest liquid bulk terminal, HES Botlek Tank Terminal (HBTT), and helped the largest independent tank terminal in Germany, HES Wilhelmshaven Tank Terminal (HWTT), transition from a refinery to fully operational tank terminal.
The HES management team is successfully implementing a €700 million transformation and growth strategy, which includes the construction of the 1,3 million cbm HES Hartel Tank Terminal in the Port of Rotterdam. This strategy enables HES to grow into a significant tank terminal operator in North West Europe, while further strengthening its position as one of the largest diversified dry bulk terminal operators in Europe.