Houlihan Lokey Advises N-Sea Holdings

Houlihan Lokey is pleased to announce that N-Sea Holdings B.V. (N-Sea), a portfolio company of CapitalChange Holding B.V. (CapitalChange), has completed a debt raise. Houlihan Lokey served as the exclusive financing advisor to the company. The transaction closed on 5 December 2025.

N-Sea is a leading provider of integrated subsea solutions for infrastructure and assets in the offshore wind and oil and gas markets. Headquartered in the Netherlands, the company delivers specialised services, including subsea survey, UXO identification and disposal, cable installation and repair, and inspection, repair, and maintenance (IRM) for subsea construction.

CapitalChange is a Dutch-based boutique advisory and investment firm specialising in growth and value creation, partnering with entrepreneurs, CEOs, and shareholders to drive long-term investments in small and midsized companies across sectors, including maritime and offshore, energy, civil infrastructure, software, and telecom.

Houlihan Lokey served as the exclusive financing advisor and advised N-Sea on all key aspects of the debt raise, which provides the company with a flexible, long-term capital structure to allow management to execute its next phase of growth.

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