Rotterdam, 15 March 2019 - Macquarie Infrastructure and Real Assets ("MIRA"), via Macquarie European Infrastructure Fund 5, and West Street Infrastructure Partners III ("WSIP"), managed by Goldman Sachs, have completed the acquisition of HES International B.V ("HES" or the "Company") from Riverstone Holdings LLC ("Riverstone") and The Carlyle Group ("Carlyle").

MIRA and WSIP are experienced, long-term infrastructure investors with strong track records of supporting the sustainable development of their portfolio companies. The new shareholders, who each control 50% of HES, look forward to working in partnership with the Executive Board and the employees to further develop and grow the company. MIRA and WSIP are supportive of management’s strategy to grow HES through investment in new projects and to strengthen the existing operations of the terminals. The new shareholders recognize the key role played by HES’ employees and are committed to an open and collaborative relationship with HES’ Works Council(s).

HES is one of the largest diversified port terminals businesses in Europe and is focused on the storage and handling of liquid bulk products and dry bulk products. With strategic locations in some of Europe’s most accessible ports, HES benefits from highly attractive catchment areas and established long-term relationships with the region’s blue-chip customers.

The company has built a unique platform of best-in-class liquid and dry bulk terminals, including the two largest dry bulk import terminals in North West Europe, EMO (Rotterdam) and OBA (Amsterdam). HES has also established North West Europe’s newest liquid bulk terminal, HES Botlek Tank Terminal (HBTT), and helped the largest independent tank terminal in Germany, HES Wilhelmshaven Tank Terminal (HWTT), transition from a refinery to fully operational tank terminal.

The HES management team is successfully implementing a €700 million transformation and growth strategy, which includes the construction of the 1,3 million cbm HES Hartel Tank Terminal in the Port of Rotterdam. This strategy enables HES to grow into a significant tank terminal operator in North West Europe, while further strengthening its position as one of the largest diversified dry bulk terminal operators in Europe.

For further information:

HES International B.V.
Esther Erkelens, Manager Corporate Communications 
e.erkelens@hesinternational.eu
 +31 (0)10 7900700

MIRA
Nicole Grove
Nicole.grove@macquarie.com
+44 (0) 7765452193

WSIP
Joseph Stein
Joseph.stein@gs.com
+44 (0) 20 7774 2523

About HES International B.V.

HES International B.V., founded in 1908, is a private company, headquartered in Rotterdam (the Netherlands) and is one of the largest storage and port logistics companies in Europe. Storage and handling activities comprise dry and liquid bulk terminals in North West Europe. The company’s focus is on growing its present portfolio of high quality dry and liquid bulk terminals by means of expansion of its already owned sites, greenfield development and acquisitions of existing terminals. HES International B.V. is developing a tank terminal for the storage and transshipment of clean petroleum products and biofuels at the Hartelstrip, on the south side of the Mississippi harbour at Maasvlakte 1. More information on HES Hartel Tank Terminal can be found on www.hesharteltankterminal.eu

For more information about HES International B.V. please visit www.hesinternational.eu

About Macquarie Infrastructure and Real Assets

Macquarie Infrastructure and Real Assets (MIRA) is one of the world’s leading alternative asset managers. For more than two decades, MIRA has partnered with investors, governments and communities to manage, develop and enhance assets relied on by more than 100 million people each day. As at 30 September 2018, MIRA managed €111 billion in assets that are essential to the sustainable development of economies and communities, including; 148 portfolio businesses, ~400 properties and 4.5million hectares of farmland.

Globally, MIRA manages over 58 marine terminals located across Asia, Europe, and North America, ~46 of which handle dry or liquid bulk cargoes. Since 2005, MIRA has completed over USD10 billion of terminal investments in twelve countries, including a range of brownfield and greenfield projects. In the bulk liquid storage sector MIRA owns and manages assets with a combined capacity of approximately 25 million cbm, placing Macquarie as the third largest independent owner globally.

MIRA is a part of Macquarie Asset Management, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 14,869 people in 27 countries. For further information, please visit www.MIRAFunds.com

About West Street Infrastructure Partners

WSIP is an infrastructure investment fund managed by the Merchant Banking Division of Goldman Sachs. WSIP, together with its predecessor funds GS Infrastructure Partners I & II, are the principal investment vehicles managed by Goldman Sachs that make direct investments in infrastructure and

infrastructure-related assets and companies. The primary focus of the funds is on investment opportunities in the energy, transportation and utilities sectors.

Goldman Sachs is a leading global investment banking, securities and investment management firm. Founded in 1869, the firm is headquartered in New York and maintains offices in other major financial centers around the world.

Goldman Sachs is one of the largest infrastructure fund managers globally, having raised over $13 billion of capital since the inception of the business in 2006. For further information, please visit https://www.goldmansachs.com/what-we-do/investing-and-lending/direct-private-investing/index.html