Infrastructure fund Marguerite to invest in fish farm service vessel operator AQS

Marguerite, a European Infrastructure fund, has said it will invest in AQS Holding, a Norwegian operator of specialised service vessels for the aquaculture industry.

Via its latest fund, Marguerite III, Marguerite will acquire a 50 per cent shareholding in AQS as part of a capital increase through the issuance of new shares to support the expansion of its fleet and its long-term growth strategy.

The existing shareholder Fanøyskjæret, the family holding of the Ove Løfsnæs family, will retain the remaining 50 per cent.

“Today marks an important milestone for AQS,” said Ove Løfsnæs, Chairman of AQS. “The partnership with Marguerite provides us with the necessary resources to realise our ambitious growth plans and strengthen our position as a leading player in the industry”.

Founded in 1991 and headquartered in Flatanger, AQS operates a fleet of 16 specialised vessels.

Marguerite’s investment will enable AQS to expand its fleet significantly with more service vessels. The transaction is expected to close in April 2025.