Morgan Stanley Sells 50% Stake in Clean Energy Firm Höegh Evi to Igneo Infrastructure Partners

Morgan Stanley Infrastructure Partners (MSIP), part of Morgan Stanley Investment Management, has sold its 50% stake in Höegh Evi Ltd. to Igneo Infrastructure Partners, marking a strategic shift in ownership. The Høegh Family, leaders in international shipping since 1927, retains the remaining 50% ownership in the company, ensuring continuity in leadership and expertise.

Advancing Energy Infrastructure:

Höegh Evi, formerly known as Höegh LNG, specializes in Floating Storage and Regasification Units (FSRUs) and Liquid Natural Gas Carriers (LNGCs). The company has transformed into a multi-energy infrastructure leader, venturing into carbon capture, ammonia, and hydrogen solutions. Since MSIP's involvement, Höegh Evi has strengthened its position in the FSRU market, playing a pivotal role in providing long-term LNG regasification capacity and bolstering global energy security.

“Since acquisition, we have worked with Höegh Evi to further strengthen its position as a leader in the FSRU market, providing essential long-term LNG regasification capacity and enhancing critical energy security for countries around the world,” said Alberto Donzelli, Managing Director and Co-Head of Europe for MSIP.

Clean Energy Transition:

Rebranding as Höegh Evi in 2024 underscored the company’s evolution toward clean energy. The firm is on track to deliver the first hybrid FSRUs by 2028, capable of importing both LNG and hydrogen simultaneously. This innovation positions Höegh Evi at the forefront of energy security and the global transition to sustainable energy sources.

Key Milestones:

• 2021: Delisting of Höegh LNG from the Oslo Stock Exchange.
• 2022: MSIP privatized Höegh LNG Partners LP from the New York Stock Exchange.
• 2024: Rebranding to Höegh Evi to emphasize clean energy solutions.

Markus Hottenrott, Chief Investment Officer for MSIP, highlighted the strategic collaboration, stating, “Höegh Evi is another example of how MSIP’s ability to partner and collaborate with family shareholders provides differentiated sourcing capabilities that can create substantial value for our investors.”

This strategic transaction solidifies Höegh Evi’s trajectory toward innovation in clean energy infrastructure, ensuring its leadership in global energy security and the ongoing energy transition.