Travers Smith has advised the management team of V.Group, the global provider of mission critical services to the maritime industry, on its sale to a consortium led by STAR Capital from Advent International. The transaction is subject to regulatory consents and is expected to complete in early autumn 2024.
Travers Smith has a long-standing relationship with V. Group, having acted for management when Advent International acquired the business from OMERS in 2016 and on OMERS's investment in 2011.
The Travers Smith team was led by the Private Equity & Financial Sponsors Partners Adam Orr and Alex Dixon, supported by Associates Rebecca Denton and Will Legood. Tax advice was provided by Partner Hannah Manning and Associate Jessica Baker.
Jamieson acted as financial advisers to management.
