Morgan Stanley Infrastructure Partners sells 50% stake in Larus Holding

Morgan Stanley’s investment management division has agreed to offload its 50% stake in Larus Holding Limited, the 100% owner of energy solutions provider Höegh Evi, to funds managed by Igneo Infrastructure Partners, it said on Friday.

The sale will be made through investment funds managed by Morgan Stanley Investment Management’s private infrastructure investment platform, Morgan Stanley Infrastructure Partners.

Aequitas Limited, indirectly controlled by Leif O. Høegh and family trusts, will retain its 50% stake.

Financial terms of the deal were not disclosed.

“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.