Dispatches No. 318

This week’s breaking news from our members:

Advent International (“Advent”) today announced that it has agreed to acquire a majority ownership interest in V.Group Ltd. (“V.Group”), the world’s leading marine and offshore vessel management and support services provider, from OMERS Private Equity (“OPE”). OPE will reinvest in V.Group, working with Advent and the management team to support the continued growth and development of the business. V.Group’s management team will retain a minority stake in the company. The value of the transaction was not disclosed.
V.Group specialises 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 defence sectors. V.Group employs more than 3,000 people and supports over 47,400 personnel in marine and offshore roles.
As a global market leader, V.Group is uniquely placed to leverage its scale and deep technical expertise to help clients maximise the long-term value of their assets. 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. Advent will also support the management team in making significant investments in technology, systems and operations to continue to deliver world-class solutions for its clients.
Clive Richardson, CEO of V.Group, said, “We have enjoyed great support and solid growth under OPE’s ownership, and our company has continued to strengthen its position in the market through our recent acquisitions of Bibby Ship Management and Selandia Holdings. V.Group has a unique offering in marine services, and as ship owners and operators increasingly consider strategic options for the management of their fleets, we are committed to delivering performance excellence alongside lower costs. We look forward to working with Advent to make this possible.”
James Brocklebank, a Managing Partner at Advent International, said, “V.Group has a proven track record of delivering value for its customers alongside consistent growth, and we believe that Advent is well-placed to help the business build on this success. Advent’s global presence, sector specialisation and focus on business transformation make us an ideal partner for V.Group in the next phase, and we look forward to supporting its continued expansion and development.”
Haris Kyriakopoulos, a Director at Advent International, added, “We are very excited to expand the business into new geographies and sectors, while broadening the scope of marine services that V.Group offers. In a market that is changing rapidly, V.Group as a market leader has an opportunity to deepen its engagement with current and prospective customers, responding to their evolving needs and offering comprehensive solutions to help manage their assets.”

 

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Last Week:

 

Working from the Isle of Man

Meeting with Members

 

Working from the Isle of Man

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This Week:

IMO Council meeting from 5 to 9 December – Capt. Paddy McKnight representing InterManager

Working from London 04- 09 December 2016

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Looking forward:

Working from Poland 12-16 December

Meeting with potential members; speaking at 2 Maritime Academies

10.01 – International Lifeboat Group meeting – London – Capt. Kuba Szymanski representing InterManager

24.01 – Fleet – Meeting with Chirp – Capt. Kuba Szymanski representing InterManager

25-26.01 ACI – London – Vessel Efficiency &Fuel Management Summit – Capt. Kuba Szymanski Chairing

30.01 – 03.02 IMO HTW 4  – London Capt. Paddy McKnight representing InterManager

01.02. – IMO – London – Martha Project presentation in IMO – Prof. Mike Barnett and Capt. Kuba Szymanski representing InterManager

06-10 March – IMO – London – NCSR – Capt. Paddy McKnight representing InterManager

03-07 April – IMO – London – FAL 41 – Capt. Paddy McKnight representing InterManager

05-09 and 12-16 June – London – MSC98 – Capt. Paddy McKnight representing InterManager

 

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17 January – Singapore – Sailors Society – How Crew Welfare Contributes to financial Success

Please register your interest by emailing enquiries@sailorssocietywasc.org

or call +44 (0) 1206 798 907

Visit www.sailorssocietywasc.org  for more information and booking

 

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25-26 January 2017 – London – ACI Vessel Efficiency & Fuel Management Summit

Details available from: http://www.wplgroup.com/aci/event/vessel-efficiency-fuel-management-summit-europe/

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27-29 March 201710th International Fujairah  Bunkering & Fuel Oil Forum, , Fujairah, UAE

Held in alternate years in the Emirate of Fujairah, Fujairah Bunkering & Fuel Oil Forum (FUJCON) is the pre-eminent bunker forum for the Middle East markets and takes its place with the top worldwide bunker events. More than 600 companies are represented with over 3,000 delegates and 285 speakers from 50 countries.

 

 

Brgds Kuba

Capt. Kuba Szymanski

Secretary General

Mob: +44 7624 498 266

Kuba.szymanski@intermanager.org

www.intermanager.org

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