Advent International has agreed to acquire a majority ownership interest in marine and offshore vessel management and support services provider V.Group Ltd. from OMERS Private Equity (OPE).
V.Group’s management team will retain a minority stake in the company, and OPE will reinvest in V.Group, working with Advent and the management team. Advent will also make significant investments in technology, systems and operations.
V.Group specializes in the technical management of maritime assets outsourced by ship owners, and the provision of a wide-range of high-value technical, personnel and advisory services. Operating out of 70 international offices, the company manages over 1,000 vessels on behalf of its customers across the commercial shipping, cruise, energy and defense sectors. V.Group employs more than 3,000 people and supports over 47,400 personnel in marine and offshore roles.
Following Advent’s investment, V.Group’s growth strategy will remain focused on further geographical expansion and deepening its range of services organically and through complementary acquisitions.