N-Sea Group Fully Repays Long-Term Debt to Aegon

N-Sea Group is pleased to announce the full repayment of its long-term financial obligations to Aegon Achtergestelde Leningen Fonds (ALF), effective April 4, 2025.

ALF has been a valued financial partner since 2018, playing a key role in supporting N-Sea’s growth and development in the subsea services sector. Through challenging industry cycles, the COVID-19 pandemic, and the company’s acquisition by new owners in 2021, ALF remained a steadfast and flexible partner.

With ALF’s ongoing trust and backing, N-Sea successfully restructured its operations and evolved into a leading offshore subsea service provider, particularly within the renewable energy industry.

ALF’s collaborative and adaptive approach was instrumental in helping N-Sea become the healthy and profitable company it is today.

Martin Adler, Chairman of the Board at N-Sea Group, stated:
“ALF stood by us when it mattered most—especially during the early days of our ownership transition in April 2021. Their confidence, guidance, and support were pivotal in helping us overcome initial challenges and scale the business. We are proud have repaid the loans in full, a testament to our current financial strength. Our sincere thanks go to ALF for their unwavering partnership over the years. We are grateful for the journey we’ve shared.”

Csilla Ezsias, sr. Investment Manager Aegon Nederland, stated:
“We began our collaboration with the company at the end of 2018 to support its growth ambitions in the renewable energy sector. Since 2021 the new ownership’s unwavering dedication, passion, and professionalism has revitalised the entire organisation, despite facing challenges along the way. Their leadership drove a remarkable turnaround, transforming the company into a thriving enterprise with a strong foothold in the offshore wind and cable market. We are proud to have played a role in the company’s growing success and that we have honoured our commitment towards our investors under our investment mandate.”