Star Capital Finalizes Acquisition of V.Group

A private equity consortium led by STAR Capital has successfully acquired V.Group, the world’s leading ship management company, following approval from all regulatory bodies. This acquisition will provide V.Group with additional capital to support its growth strategies and accelerate its initiatives. V.Group CEO Rene Kofod-Olsen expressed satisfaction with the new ownership consortium, comprised of experienced investors in the shipping sector, and highlighted the positive reception from customers and colleagues.

The consortium purchased V.Group from Advent International, a U.S.-based private equity firm that had owned the company since 2016. The new ownership group includes Ackermans & van Haaren (AvH), a Dutch holding company and the majority owner of dredging giant DEME. With a fleet of 3,500 vessels managed as of last year, V.Group is the largest third-party ship management company, offering a wide range of services such as technical management, crewing, catering, agency services, and marine insurance through its global network of 60 offices in 30 countries.

STAR Capital, a London-based private equity firm focused on Europe, has a track record of investing in and developing various businesses since its establishment in 1999. In addition to acquiring V.Group, STAR Capital has invested in other maritime enterprises, including high-end shipyard Blohm+Voss and tonnage provider MPC Container Ships. This acquisition marks a significant milestone for both V.Group and the consortium, paving the way for strategic investments and advancements in the maritime industry.

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