Advent International exits ship management company V Group

Private Equity Wire

A consortium led by Western Europe-focused private equity firm STAR Capital has agreed to acquire V Group, a provider of technical management and marine services to fleet owners and operators in the maritime industry, from US private equity firm Advent International. 

The transaction is expected to complete this autumn. 

Aditya Bindal, Partner at STAR, highlighted V Group’s “strong brand and leading position in a highly fragmented market” and described it as “a natural leader” in the services the company provides. 

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