Allen & Overy and HFW are advising on the purchase, on-sale and leaseback financing of two crew transfer and windfarm support vessels between Northern Offshore Group (NOG) and Luxembourg-based fund Flexam.

According to a HFW statement, the transaction included NOG’s subsidiary acquiring the vessels from a third-party seller before on-selling them to Flexam, after which they were  leased back under bareboat charters.