Independent journal on economy and transport policy
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The property of V.Group passes to the society of private equities OMERS Private Equity
The agreement with Exponent has a value of 520 million dollars
July 29, 2011
The society of private equities OMERS Private Equity of group OMERS Worldwide has undersigned a final agreement in order to acquire the V.Group, group leader of the society of ship V.Ships management, that it will be yielded by the Exponent Private Equity. The parts have specified that the transaction assigns to V.Group a total value of 520 million dollars.
V.Group, that it has 1,800 dependent and 70 offices in 34 nations, manages a fleet of beyond 700 ships and offers services altogether more than thousand ships. Besides V.Ships the Marlins societies take part of the group, SeaTec, UMC, RC Consultants, ITM and BGI.
Exponent had bought V.Group in 2007. The passage under the property of OMERS Private Equity is agreed with senior management of V.Group that participates to the operation shaped as management Buy-out and that it will stop a meaningful quota the share capital.
"V.Group - the managing director of V.Group has declared, Clive Richardson, that he will continue to maintain own assignment - with justice enjoys a great reputation in the market based on its exceptional service the customer, on the competitiveness of the costs and the elevated standards of governance. We have enjoyed a continuous support and smash hit in the course of ours partnership with Exponent. We are anxious to work in the next few years with OMERS Private Equity for the continuous increase of V.Group. This is a fantastic project is for the dependent that for the customers of V.Group and confirmation the potential one in the long term of the activity".
According to the forecasts, the transaction will be capacity to term at the beginning of the next september.
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The society of private equities OMERS Private Equity of group OMERS Worldwide has undersigned a final agreement in order to acquire the V.Group, group leader of the society of ship V.Ships management, that it will be yielded by the Exponent Private Equity. The parts have specified that the transaction assigns to V.Group a total value of 520 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
