HitecVision announces the sale of its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group, a global private markets investment manager, in a transaction that values CapeOmega at about EUR 1.2 billion.

Formed in 2015, CapeOmega holds significant stakes in some of Norway's key midstream infrastructure: Gassled, the world’s largest offshore gas transmission system, covering about 25% of Europe’s gas demand; Nyhamna, one of three key gas processing plants in Norway; and Polarled, a 480 km pipeline that runs from the Aasta Hansteen field to Nyhamna. CapeOmega also holds stakes in three late-life oil fields: Brynhild, Enoch and Oselvar.

About HitecVision

HitecVision is Europe’s leading private equity investor focused on the upstream offshore oil and gas industry. HitecVision is headquartered in Stavanger, the center of the Norwegian oil and gas industry. Since 1994, we have invested in, acquired or established more than 150 companies (including add-on acquisitions).