M&A Deal Summary

STAR Capital Partnership and Ackermans & Van Haaren Acquire V.Group

On June 17, 2024, private equity firm STAR Capital Partnership and Ackermans & Van Haaren acquired marine company V.Group from Advent International and OMERS Private Equity

Acquisition Highlights
  • This is STAR Capital Partnership’s 2nd and Ackermans & Van Haaren’s 2nd transaction in the Marine sector.
  • This is STAR Capital Partnership’s 12th and Ackermans & Van Haaren’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-06-17
Target V.Group
Sector Marine
Buyer(s) STAR Capital Partnership
Ackermans & Van Haaren
Sellers(s) Advent International
OMERS Private Equity
Deal Type Secondary Buyout

Target

V.Group

London, United Kingdom
website
V.Group provides 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 was founded in 1984 and is headquartered in London, United Kingdom.

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Buyer(S) 2

Buyer

STAR Capital Partnership

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

STAR Capital Partners is a private equity firm that seeks investments in capital intensive businesses operating in Western Europe. STAR looks to invest in companies valued between EUR50 million and EUR1 billion. The Firm will consider opportunities in many industries, however, the Firm's primary emphasis is on businesses operating in the oil & gas, transport, utilities, telecommunications and healthcare sectors. STAR Capital was formed in 1999 and is based in London.


DEAL STATS #
Overall 29 of 29
Sector (Marine) 2 of 2
Type (Secondary Buyout) 5 of 5
Country (United Kingdom) 12 of 12
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 Nextbike

Leipzig, Germany

Nextbike provides public bike-sharing schemes on behalf of public transport authorities, cities, and public institutions. Nextbike was founded in 2004 and is based in Leipzig, Germany.

Buy -
Buyer

Ackermans & Van Haaren

Antwerp, Belgium

website


Category Company
Founded 1876
Sector Diversified
Employees22,331
Revenue 3.9B EUR (2020)
DESCRIPTION

Ackermans & Van Haaren is a diversified group active in 5 key segments: Infrastructure & Marine Engineering, Private Banking (Delen Private Bank), Real Estate, Leisure & Senior Care (Leas-invest Real Estate, a public regulated real estate company - Extensa, an important land and real estate developer focused on Belgium and Luxembourg), Energy & Resources (Sipef, an agro-industrial group in tropical agriculture) and Development Capital (Sofinim and GIB). Ackermans & Van Haaren was incorporated in 1876 and is based in Antwerp, Belgium.


DEAL STATS #
Overall 6 of 6
Sector (Marine) 2 of 2
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 AstriVax

Leuven, Belgium

AstriVax develops a wide range of vaccines to prevent and treat infectious diseases. AstriVax aims to address major challenges in vaccinology, such as the duration of protection and the ease of production. AstriVax is based in Leuven, Belgium.

Buy -

Seller(S) 2

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 210 of 211
Sector (Marine) 2 of 2
Type (Secondary Buyout) 56 of 57
Country (United Kingdom) 27 of 27
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Nuvei

Montreal, Quebec, Canada

Nuvei is a payment technology platform which offers direct connections to all major payment card schemes worldwide, supports 450 local and alternative payment methods and nearly 150 currencies. Nuvei was founded in 2003 and is based in Montreal, Quebec.

Buy $6.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Aareon

Mainz, Germany

Aareon is a provider of ERP software and digital solutions for the European property industry, Aareon is setting the standards for the management of complex business processes. Aareon is based in Mainz, Germany.

Sell €3.9B
SELLER

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 29 of 29
Sector (Marine) 2 of 2
Type (Secondary Buyout) 15 of 15
Country (United Kingdom) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Knight Commercial

Dallas, Texas, United States

Knight Commercial provides restoration, construction, and roofing services to a broad set of commercial customers across industrial, multifamily, office, hospitality, and government end markets. Knight Commercial was founded in 2001 and is based in Dallas, Texas.

Buy -