Macquarie, Goldman Sachs Funds to Buy HES International

Infrastructure funds managed by Macquarie and Goldman Sachs have reached an agreement to purchase the Netherlands-based port terminals operator HES International.

Macquarie and Goldman Sachs did not revealed the financial terms of the agreement in principle, which was signed with Riverstone Holdings and The Carlyle Group.

HES will now initiate consultations where appropriate with the relevant works councils, according to a statement from The Carlyle Group.

Should definitive transaction documentation be executed following the consultation process, completion will remain subject to legal and antitrust approvals.

“As long term investors we are excited about the growth opportunities HES offers in dry and liquid bulk as well as its strong management team, market position in North West Europe and its focused strategy. Together with our partner WSIP, we are looking forward to supporting management in expanding the business through new growth projects,” Leigh Harrison, European Head of MIRA, said.

In mid-February 2018, Reuters cited industry sources as saying that HES International is worth around EUR 2 billion.

HES, one of the largest diversified port terminals businesses in Europe, has 18 dry and liquid bulk terminals across 8 countries.