ROSEN Founder Sells Majority Stake to Partners Group
(P&GJ) — Hermann Rosen, founder of ROSEN Group, has sold a majority stake in ROSEN to the global private markets firm Partners Group, as part of his succession planning.
Hermann Rosen reinvests alongside Partners Group.
The transaction, initiated a year ago, ensures stability for ROSEN's long-term success, separating it from New Ventures' unrelated development projects. The purchase price remains undisclosed.
“After intensive examination of various strategic options, I am excited that we have found the ideal co-owner in Partners Group to continue ROSEN’s unique success story,” Hermann Rosen, founder of ROSEN, said. “I will remain a member of the Board of ROSEN, but at the same time follow my nature as the pioneer and explorer that I have always been and dedicate myself to write the next success story with New Ventures outside ROSEN.”
ROSEN focuses on pipelines, storage tanks, and processing facilities, serving a global market. With advanced diagnostic technologies, a unique data set, and industry-leading software, it has a history of profitable growth.
Moreover, ROSEN has a proven history of highly profitable double-digit organic growth over the past 40 years. Stringent regulations and increasing pressure to operate newly commissioned and ageing assets in a compliant and safe manner make the market in which ROSEN is operating highly attractive and growing.
Co-CEOs Erik Cornelissen and Holger Hennerkes will continue to lead.
Partners Group aims to expand into future energy sources and adjacent markets, focusing on value creation through innovation, R&D, automation, AI, and operational excellence.
The New Ventures business, with about 400 employees, focuses on early-stage projects like offshore wind power and autonomous vehicles. Hermann Rosen will lead, with operational leadership by Dirk van Vinckenroye.
The transaction is expected to be completed in H1 2024, subject to regulatory approvals.
Baird is the exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom is the legal advisor to ROSEN.
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