V.Group (V.) announced that a consortium led by STAR Capital (STAR) including Ackermans & van Haaren and others (Consortium) has signed an agreement to acquire the company from Advent International.
The transaction is subject to regulatory consents and is expected to complete in early autumn 2024. Financial terms have not been disclosed.
As explained, this transaction is an endorsement of V.’s client-focused strategy and ambition to be the Committed Partner of Progress for Everything at Sea. STAR and the Consortium will provide V. with a strong financial foundation from which to further grow and to accelerate the continuing strategic development of the company, all the while further enhancing V.’s steadfast commitments to clients, seafarers, and the responsible stewardship of the seas.
I am truly excited to welcome such well-respected, long-term investors with deep shipping sector experience to assume the ownership of V. I have no doubt that this transaction will further strengthen V., allowing us to accelerate investments across our shipping and services platform to the benefit of our customers, employees and the industry.
..René Kofod-Olsen, CEO of V. said.
Graham Westgarth, Chair of V. said: “I would like to congratulate the V. team on their new ownership with STAR and its Consortium and continuing the tremendously positive developments of recent years, in establishing V. as the shipping industry’s partner of choice. I am looking forward to the company’s continued success.
