STAR Capital leads Consortium in the acquisition of V.Group
17 June 2024
STAR Capital (“STAR”), a leading European investment fund manager, is pleased to announce that the STAR IV Fund has signed an agreement to acquire V.Group, a global provider of mission critical services to the maritime industry. STAR will lead a consortium of investors including Ackermans & van Haaren (Euronext: ACKB) and others to partner with V.Group’s management team. The transaction is subject to regulatory consents and is expected to complete in early autumn 2024. Financial terms have not been disclosed.
V.Group provides a wide range of mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions.
V.Group is headquartered in London, United Kingdom. The company has a global presence with 50 offices across 30 countries and employs c. 2,900 employees worldwide. In addition, the group has access to the world’s largest international network of over 44,000 seafarers to provide its clients with professional crews. It currently services approximately 3,500 vessels from pedigree shipowners and managers alike, with safety and compliance at the heart of V.’s operating model.
V.Group represents the STAR IV Fund’s fourth investment.
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FTI Consulting LLP
Edward Bridges
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About STAR
STAR is a European investment fund manager focused on investing in and developing businesses that benefit from a strategic market position and provide an essential service to their customer base. Since inception, STAR has built over 28 businesses with a total enterprise value in excess of €10 billion through more than 100 acquisitions. STAR has a track record in value generation and driving growth, typically investing in companies with enterprise values of between €50m and €1 billion. STAR has previously invested successfully in the shipping sector, including maritime engineering group, Blohm+Voss and global container shipping industry, MPC Container Ships.
