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2011 July 28   15:02

OMERS Private Equity buys V.Group for $520mln

OMERS Private Equity has bought V.Group, owners of the world’s largest shipmanager for $520m, Seatrade Asia online reports. V.Group said that OMERS would support the further growth of the global supplier of shipmanagement and related marine including offshore services. V.Group owns shipmanager V.Ships, which has over 1,000 vessels under management.

“V.Group has a tremendous future and the management team is excited in working with our new partners in the next chapter of growth in our business,” said Clive Richardson, ceo of V.Group.

As reported by Seatrade Asia Week in January this year V.Ships is keen to grow its presence in Asia with acquisitions set to be part of its expansion strategy.

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